Insider Buying: BRT Apartments Corp. (NYSE:BRT) Major Shareholder Acquires 5,000 Shares of Stock

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 dated Thursday, June 12th. The shares were bought at an average price of $15.93 per share, with a total value of $79,650.00. Following the purchase, the insider now directly owns 3,979,170 shares of the company's stock, valued at approximately $63,388,178.10. The trade was a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

BRT Apartments Price Performance

NYSE:BRT traded up $0.25 during trading hours on Monday, hitting $15.92. The company's stock had a trading volume of 18,347 shares, compared to its average volume of 33,552. BRT Apartments Corp. has a 52-week low of $14.61 and a 52-week high of $20.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94. The business's 50-day moving average is $15.65 and its two-hundred day moving average is $17.03. The company has a market capitalization of $301.27 million, a PE ratio of -30.03 and a beta of 1.03.

BRT Apartments Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend is Wednesday, June 25th. BRT Apartments's dividend payout ratio (DPR) is -208.33%.

Institutional Trading of BRT Apartments

A number of institutional investors have recently added to or reduced their stakes in BRT. GAMMA Investing LLC lifted its position in shares of BRT Apartments by 10,464.3% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 1,465 shares during the period. Tower Research Capital LLC TRC raised its holdings in BRT Apartments by 131.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider's stock worth $31,000 after purchasing an additional 991 shares during the last quarter. Strs Ohio acquired a new position in BRT Apartments during the first quarter worth $39,000. Resona Asset Management Co. Ltd. purchased a new stake in BRT Apartments during the fourth quarter worth $77,000. Finally, Wells Fargo & Company MN grew its holdings in BRT Apartments by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 1,439 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on BRT. Colliers Securities downgraded shares of BRT Apartments from a "buy" rating to a "neutral" rating in a research report on Thursday, March 13th. Wall Street Zen lowered shares of BRT Apartments from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, B. Riley reduced their price objective on shares of BRT Apartments from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, March 27th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.