Jeffrey Gould Purchases 3,026 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT - Get Free Report) CEO Jeffrey Gould purchased 3,026 shares of the stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $15.93 per share, for a total transaction of $48,204.18. Following the completion of the purchase, the chief executive officer now owns 3,973,570 shares in the company, valued at approximately $63,298,970.10. This trade represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffrey Gould also recently made the following trade(s):

• On Friday, June 6th, Jeffrey Gould acquired 600 shares of BRT Apartments stock. The stock was bought at an average price of $15.92 per share, with a total value of $9,552.00.

BRT Apartments Price Performance

Shares of NYSE:BRT traded up $0.19 during midday trading on Monday, hitting $16.20. 20,528 shares of the stock were exchanged, compared to its average volume of 33,606. BRT Apartments Corp. has a twelve month low of $14.61 and a twelve month high of $20.22. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 2.31. The company has a 50 day moving average price of $15.64 and a 200-day moving average price of $17.16. The stock has a market cap of $306.65 million, a P/E ratio of -30.56 and a beta of 1.03.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend is Wednesday, June 25th. BRT Apartments's payout ratio is currently -208.33%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of BRT Apartments

Several institutional investors and hedge funds have recently modified their holdings of BRT. Strs Ohio purchased a new position in shares of BRT Apartments during the 1st quarter worth approximately $39,000. Goldman Sachs Group Inc. increased its position in BRT Apartments by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 37,266 shares of the financial services provider's stock worth $634,000 after buying an additional 5,035 shares in the last quarter. Permanens Capital L.P. acquired a new position in shares of BRT Apartments in the first quarter worth $402,000. Nuveen LLC acquired a new position in shares of BRT Apartments in the first quarter worth $673,000. Finally, 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. Hedge funds and other 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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