BRT Apartments Corp. (NYSE:BRT) Major Shareholder Investors L. P. Gould Purchases 5,000 Shares

BRT Apartments Corp. (NYSE:BRT - Get Free Report) major shareholder Investors L. P. Gould purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $15.93 per share, with a total value of $79,650.00. Following the completion of the acquisition, the insider now directly owns 3,979,170 shares of the company's stock, valued at $63,388,178.10. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

BRT Apartments Price Performance

Shares of BRT Apartments stock traded up $0.03 on Thursday, hitting $15.91. The company's stock had a trading volume of 19,923 shares, compared to its average volume of 33,375. The company has a market capitalization of $301.08 million, a P/E ratio of -33.14 and a beta of 1.03. BRT Apartments Corp. has a 52-week low of $14.61 and a 52-week high of $20.22. The firm has a fifty day moving average price of $15.66 and a 200-day moving average price of $16.98. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 2.43.

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Wednesday, June 25th. BRT Apartments's payout ratio is currently -208.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BRT shares. B. Riley dropped their price objective on BRT Apartments from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Colliers Securities downgraded shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th. Finally, Wall Street Zen cut BRT Apartments from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Hedge Funds Weigh In On BRT Apartments

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of BRT Apartments by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,130,907 shares of the financial services provider's stock valued at $19,225,000 after acquiring an additional 17,850 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in BRT Apartments by 19.5% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 78,985 shares of the financial services provider's stock worth $1,343,000 after purchasing an additional 12,901 shares in the last quarter. Albert D Mason Inc. raised its stake in BRT Apartments by 1.8% in the 1st quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider's stock valued at $1,197,000 after purchasing an additional 1,278 shares during the last quarter. Wealth Alliance lifted its holdings in BRT Apartments by 141.7% in the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider's stock valued at $1,183,000 after purchasing an additional 38,475 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of BRT Apartments during the 1st quarter worth about $994,000. Hedge funds and other institutional investors own 29.07% of the company's stock.

About BRT Apartments

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.