BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould Buys 3,026 Shares

BRT Apartments Corp. (NYSE:BRT - Get Free Report) CEO Jeffrey Gould bought 3,026 shares of the stock in a transaction dated Thursday, June 5th. The shares were bought at an average price of $15.93 per share, for a total transaction of $48,204.18. Following the completion of the acquisition, the chief executive officer now owns 3,973,570 shares in the company, valued at approximately $63,298,970.10. The trade was a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

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

BRT Apartments Trading Up 0.1%

BRT traded up $0.01 during trading hours on Thursday, reaching $16.06. The company's stock had a trading volume of 25,804 shares, compared to its average volume of 33,457. The stock has a market cap of $304.02 million, a PE ratio of -30.30 and a beta of 1.03. BRT Apartments Corp. has a fifty-two week low of $14.61 and a fifty-two week high of $20.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.94 and a quick ratio of 1.94. The business's 50-day moving average is $15.63 and its 200-day moving average is $17.12.

BRT Apartments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 dividend yield of 6.23%. The ex-dividend date is Wednesday, June 25th. BRT Apartments's payout ratio is -208.33%.

Analyst Ratings Changes

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

Institutional Trading of BRT Apartments

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Alliance boosted its stake in BRT Apartments by 141.7% during the fourth quarter. Wealth Alliance now owns 65,621 shares of the financial services provider's stock worth $1,183,000 after buying an additional 38,475 shares during the period. Vanguard Group Inc. lifted its holdings in shares of BRT Apartments by 62.7% in the 4th quarter. Vanguard Group Inc. now owns 1,113,057 shares of the financial services provider's stock worth $20,068,000 after acquiring an additional 429,046 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of BRT Apartments during the 4th quarter worth approximately $795,000. Barclays PLC increased its holdings in BRT Apartments by 15.4% in the 4th quarter. Barclays PLC now owns 16,953 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 2,263 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in BRT Apartments by 76.2% in the 4th quarter. JPMorgan Chase & Co. now owns 38,087 shares of the financial services provider's stock valued at $687,000 after purchasing an additional 16,466 shares during the last quarter. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

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.