Insider Buying: BRT Apartments Corp. (NYSE:BRT) CEO Acquires 4,478 Shares of Stock

Key Points

• Jeffrey Gould, CEO of BRT Apartments Corp., purchased a total of 4,478 shares at an average price of $14.94, increasing his ownership stake to approximately 4.03 million shares worth about $60.31 million.
• Shares of BRT Apartments traded up 2.0% to reach $15.40, with a market capitalization of $291.52 million and a price-to-earnings ratio of -32.08.
• BRT Apartments recently announced a quarterly dividend of $0.25 per share, reflecting an annual yield of 6.5%, but has a negative dividend payout ratio of -208.33%.

BRT Apartments Corp. (NYSE:BRT - Get Free Report) CEO Jeffrey Gould purchased 4,478 shares of BRT Apartments stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $14.94 per share, for a total transaction of $66,901.32. Following the transaction, the chief executive officer directly owned 4,036,932 shares of the company's stock, valued at approximately $60,311,764.08. This represents a 0.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 12th, Jeffrey Gould acquired 3,468 shares of BRT Apartments stock. The stock was bought at an average price of $14.96 per share, with a total value of $51,881.28.
• On Friday, June 6th, Jeffrey Gould purchased 600 shares of BRT Apartments stock. The shares were purchased at an average cost of $15.92 per share, for a total transaction of $9,552.00.
• On Thursday, June 5th, Jeffrey Gould purchased 3,026 shares of BRT Apartments stock. The stock was acquired at an average price of $15.93 per share, for a total transaction of $48,204.18.

BRT Apartments Price Performance

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

BRT Apartments Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On BRT Apartments

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake 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 buying an additional 17,850 shares in the last quarter. Geode Capital Management LLC grew 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 worth $4,522,000 after buying an additional 1,837 shares during the period. Silverberg Bernstein Capital Management LLC grew 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 worth $1,545,000 after buying an additional 19,828 shares during the period. Prudential Financial Inc. grew 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 worth $1,207,000 after buying an additional 770 shares during the period. Finally, Albert D Mason Inc. grew 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 worth $1,197,000 after buying an additional 1,278 shares during the period. 29.07% of the stock is owned by 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.