BRT Apartments Corp. (NYSE:BRT) CEO Purchases $51,881.28 in Stock

Key Points

• Jeffrey Gould, CEO of BRT Apartments Corp., purchased 3,468 shares at an average price of $14.96, increasing his total ownership to 4,040,400 shares valued at approximately $60.4 million.
• BRT Apartments recently announced a quarterly dividend of $0.25, resulting in a 6.5% annual yield despite a negative payout ratio of -208.33%.
• The stock is currently trading around $15.40, with a 1-year low of $14.17 and a high of $20.22; however, Wall Street Zen recently downgraded it from a "hold" to a "sell" rating.

BRT Apartments Corp. (NYSE:BRT - Get Free Report) CEO Jeffrey Gould bought 3,468 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $14.96 per share, with a total value of $51,881.28. Following the completion of the transaction, the chief executive officer directly owned 4,040,400 shares of the company's stock, valued at approximately $60,444,384. The trade was a 0.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, August 11th, Jeffrey Gould purchased 4,478 shares of BRT Apartments stock. The shares were acquired at an average price of $14.94 per share, for a total transaction of $66,901.32.
• On Friday, June 6th, Jeffrey Gould bought 600 shares of BRT Apartments stock. The stock was purchased at an average price of $15.92 per share, for a total transaction of $9,552.00.
• On Thursday, June 5th, Jeffrey Gould bought 3,026 shares of BRT Apartments stock. The shares were acquired at an average price of $15.93 per share, with a total value of $48,204.18.

BRT Apartments Stock Up 0.4%

Shares of BRT stock traded up $0.07 during midday trading on Monday, reaching $15.12. 5,080 shares of the stock were exchanged, compared to its average volume of 31,133. BRT Apartments Corp. has a 1 year low of $14.17 and a 1 year high of $20.22. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.51. The company's 50 day moving average is $15.57 and its two-hundred day moving average is $16.25. The firm has a market cap of $286.13 million, a PE ratio of -30.85 and a beta of 1.04.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Wednesday, June 25th. BRT Apartments's dividend payout ratio (DPR) is presently -204.08%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of BRT Apartments from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th.

Institutional Trading of BRT Apartments

Institutional investors and hedge funds have recently modified their holdings of the company. 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 purchasing an additional 1,465 shares during the period. Tower Research Capital LLC TRC raised its position in shares of BRT Apartments by 131.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 991 shares during the period. Strs Ohio bought a new stake in shares of BRT Apartments during the 1st quarter valued at $39,000. BNP Paribas Financial Markets raised its position in shares of 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 during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 during the period. 29.07% of the stock is currently owned by institutional investors.

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.