Silverberg Bernstein Capital Management LLC Has $1.55 Million Stock Holdings in BRT Apartments Corp. $BRT

Key Points

• Silverberg Bernstein Capital Management LLC increased its stake in BRT Apartments Corp. by 25.1%, purchasing an additional 19,828 shares to hold a total of 98,813 shares.
• CEO Jeffrey Gould acquired 3,468 shares at an average price of $14.96, boosting his total ownership to approximately $60.4 million.
• BRT Apartments announced a quarterly dividend of $0.25, representing a yield of 6.2% based on its recent stock price.

Silverberg Bernstein Capital Management LLC raised its holdings in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,813 shares of the financial services provider's stock after acquiring an additional 19,828 shares during the period. BRT Apartments makes up 1.1% of Silverberg Bernstein Capital Management LLC's holdings, making the stock its 28th largest position. Silverberg Bernstein Capital Management LLC owned approximately 0.52% of BRT Apartments worth $1,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRT. GAMMA Investing LLC raised its holdings in shares of BRT Apartments by 10,464.3% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock worth $25,000 after buying an additional 1,465 shares in the last quarter. Strs Ohio acquired a new stake in BRT Apartments during the first quarter worth approximately $39,000. Brookwood Investment Group LLC acquired a new stake in shares of BRT Apartments in the 1st quarter valued at $185,000. Lesa Sroufe & Co acquired a new position in shares of BRT Apartments in the first quarter worth approximately $297,000. Finally, Bank of America Corp DE increased its position in BRT Apartments by 26.1% in the 4th quarter. Bank of America Corp DE now owns 17,557 shares of the financial services provider's stock valued at $317,000 after buying an additional 3,638 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company's stock.

BRT Apartments Stock Down 1.3%

Shares of NYSE BRT traded down $0.21 on Friday, reaching $16.34. 94,126 shares of the company's stock traded hands, compared to its average volume of 24,979. The company has a market cap of $309.32 million, a price-to-earnings ratio of -33.35 and a beta of 0.94. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.51. The business's 50 day simple moving average is $15.55 and its two-hundred day simple moving average is $15.95. BRT Apartments Corp. has a 12 month low of $14.17 and a 12 month high of $20.22.

BRT Apartments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, September 24th. BRT Apartments's payout ratio is currently -204.08%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of BRT Apartments from a "sell" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Insider Transactions at BRT Apartments

In other BRT Apartments news, Director Fredric H. Gould bought 1,977 shares of BRT Apartments stock in a transaction dated Thursday, September 11th. The shares were purchased at an average cost of $16.42 per share, for a total transaction of $32,462.34. Following the acquisition, the director directly owned 23,034 shares in the company, valued at approximately $378,218.28. This represents a 9.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey Gould purchased 3,468 shares of the stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $14.96 per share, with a total value of $51,881.28. Following the transaction, the chief executive officer directly owned 4,040,400 shares in the company, valued at approximately $60,444,384. This trade represents a 0.09% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 39,546 shares of company stock worth $623,129. Insiders own 42.00% of the company's stock.

BRT Apartments Profile

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.