Jeffrey Gould Purchases 3,468 Shares of BRT Apartments Corp. (NYSE:BRT) 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 purchased 3,468 shares of BRT Apartments stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $14.96 per share, with a total value of $51,881.28. Following the completion of the acquisition, the chief executive officer owned 4,040,400 shares in the company, valued at $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 purchased at an average price of $14.94 per share, with a total value of $66,901.32.
• On Friday, June 6th, Jeffrey Gould purchased 600 shares of BRT Apartments stock. The shares were purchased at an average price of $15.92 per share, with a total value of $9,552.00.
• On Thursday, June 5th, Jeffrey Gould purchased 3,026 shares of BRT Apartments stock. The shares were purchased at an average price of $15.93 per share, with a total value of $48,204.18.

BRT Apartments Stock Performance

BRT traded up $0.30 on Wednesday, hitting $15.40. The company had a trading volume of 44,032 shares, compared to its average volume of 31,296. The company's fifty day moving average price is $15.62 and its 200 day moving average price is $16.30. BRT Apartments Corp. has a 1-year low of $14.17 and a 1-year high of $20.22. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $291.52 million, a price-to-earnings ratio of -32.08 and a beta of 1.04.

BRT Apartments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.5%. The ex-dividend date was Wednesday, June 25th. BRT Apartments's payout ratio is -208.33%.

Institutional Investors Weigh In On BRT Apartments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of BRT Apartments by 1.6% during 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 purchasing an additional 17,850 shares during the period. Geode Capital Management LLC boosted its position in shares of BRT Apartments by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 289,073 shares of the financial services provider's stock valued at $4,522,000 after acquiring an additional 1,837 shares in the last quarter. Silverberg Bernstein Capital Management LLC boosted its position in shares of BRT Apartments by 25.1% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 98,813 shares of the financial services provider's stock valued at $1,545,000 after acquiring an additional 19,828 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of 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 acquiring an additional 770 shares in the last quarter. Finally, Albert D Mason Inc. boosted its position in shares of BRT Apartments by 1.8% during the 1st quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider's stock valued at $1,197,000 after acquiring an additional 1,278 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered BRT Apartments from a "hold" rating to a "sell" rating in a report on Saturday.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.