Investors Gould Buys 6,000 Shares of BRT Apartments (NYSE:BRT) Stock

Key Points

• Investors Gould acquired 6,000 shares of BRT Apartments at an average cost of $15.00 per share, resulting in a total investment of $90,000 and increasing their stake by 0.15% to 4,046,400 shares.
• BRT Apartments recently declared a quarterly dividend of $0.25 per share, reflecting a 6.7% annual yield despite a high dividend payout ratio of -204.08%.
• Analyst ratings indicate mixed sentiments, with a consensus rating of "Hold" and a target price of $19.50, while B. Riley maintains a "buy" rating, and others have rated it "sell."

BRT Apartments Corp. (NYSE:BRT - Get Free Report) major shareholder Investors Gould bought 6,000 shares of the company's stock in a transaction on Thursday, October 9th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the insider directly owned 4,046,400 shares of the company's stock, valued at approximately $60,696,000. This represents a 0.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

BRT Apartments Price Performance

BRT traded up $0.11 on Tuesday, hitting $14.89. 44,603 shares of the company's stock traded hands, compared to its average volume of 31,776. The firm has a market cap of $281.77 million, a price-to-earnings ratio of -30.38 and a beta of 0.91. The company's 50 day simple moving average is $15.61 and its 200-day simple moving average is $15.66. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.51. BRT Apartments Corp. has a one year low of $14.17 and a one year high of $20.22.

BRT Apartments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.00 dividend on an annualized basis and a yield of 6.7%. BRT Apartments's dividend payout ratio (DPR) is presently -204.08%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley reissued a "buy" rating and issued a $19.50 target price (down previously from $21.00) on shares of BRT Apartments in a research note on Wednesday, October 1st. Weiss Ratings reissued a "sell (d+)" rating on shares of BRT Apartments in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered BRT Apartments from a "hold" rating to a "sell" rating in a research note on Sunday, September 28th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $19.50.

Institutional Investors Weigh In On BRT Apartments

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised 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 buying an additional 1,465 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of BRT Apartments by 111.8% in 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. Strs Ohio acquired a new position in BRT Apartments in the 1st quarter valued at about $39,000. BNP Paribas Financial Markets lifted its holdings 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 worth $49,000 after buying an additional 2,497 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of BRT Apartments by 328.0% in 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 buying an additional 2,480 shares in the last quarter. Institutional investors own 29.07% of the company's stock.

BRT Apartments Company 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.

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