Fredric H. Gould Purchases 1,977 Shares of BRT Apartments (NYSE:BRT) Stock

Key Points

• Director Fredric Gould of BRT Apartments Corp. bought 1,977 shares at $16.42 each, increasing his stake by 9.39% to 23,034 shares valued at about $378,218.
• The company announced a quarterly dividend of $0.25 per share, indicating an annualized yield of 6.1%, despite a significant negative dividend payout ratio of -204.08%.
• Wall Street analysts show mixed sentiments with one lowering the stock rating to "sell," while the consensus remains a "Moderate Buy" with a target price of $21.00.

BRT Apartments Corp. (NYSE:BRT - Get Free Report) Director Fredric H. Gould bought 1,977 shares of the stock in a transaction dated Thursday, September 11th. The stock was bought at an average price of $16.42 per share, with a total value of $32,462.34. Following the purchase, the director owned 23,034 shares of the company's stock, valued at approximately $378,218.28. This represents a 9.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BRT Apartments Stock Up 0.6%

Shares of BRT stock traded up $0.09 during trading hours on Tuesday, reaching $16.31. The company had a trading volume of 19,790 shares, compared to its average volume of 23,954. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.75 and a current ratio of 1.75. BRT Apartments Corp. has a twelve month low of $14.17 and a twelve month high of $20.22. The company has a market capitalization of $308.75 million, a P/E ratio of -33.29 and a beta of 0.94. The stock's fifty day simple moving average is $15.51 and its 200 day simple moving average is $15.97.

BRT Apartments Announces Dividend

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

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. grew its stake in BRT Apartments by 111.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,809 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 955 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in BRT Apartments by 328.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,236 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,480 shares in the last quarter. Tidal Investments LLC grew its stake in BRT Apartments by 22.4% during the 2nd quarter. Tidal Investments LLC now owns 23,454 shares of the financial services provider's stock valued at $367,000 after purchasing an additional 4,286 shares in the last quarter. BNP Paribas Financial Markets grew its stake in BRT Apartments by 388.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,139 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 2,497 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in BRT Apartments by 1.0% during the 2nd quarter. Prudential Financial Inc. now owns 77,205 shares of the financial services provider's stock valued at $1,207,000 after purchasing an additional 770 shares in the last quarter. Institutional investors and hedge funds own 29.07% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered BRT Apartments from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

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.