Jeffrey Gould Purchases 4,478 Shares of BRT Apartments Corp. (NYSE:BRT) 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 on Monday, August 11th. The shares were acquired at an average price of $14.94 per share, for a total transaction of $66,901.32. Following the completion of the transaction, the chief executive officer directly owned 4,036,932 shares of the company's stock, valued at approximately $60,311,764.08. The trade was a 0.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 12th, Jeffrey Gould purchased 3,468 shares of BRT Apartments stock. The shares were acquired at an average price of $14.96 per share, for a total transaction of $51,881.28.
• 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 stock was purchased at an average price of $15.93 per share, for a total transaction of $48,204.18.

BRT Apartments Trading Up 2.0%

Shares of BRT Apartments stock traded up $0.30 on Wednesday, hitting $15.40. The stock had a trading volume of 44,032 shares, compared to its average volume of 31,296. The stock's 50-day simple moving average is $15.62 and its two-hundred day simple moving average is $16.30. BRT Apartments Corp. has a one year low of $14.17 and a one year high of $20.22. The stock has a market cap of $291.52 million, a price-to-earnings ratio of -32.08 and a beta of 1.04. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.51.

BRT Apartments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.00 annualized dividend and a yield of 6.5%. BRT Apartments's dividend payout ratio (DPR) is currently -208.33%.

Hedge Funds Weigh In On BRT Apartments

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased 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 last quarter. Tower Research Capital LLC TRC grew its stake 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 acquiring an additional 991 shares during the period. Strs Ohio bought a new position in shares of BRT Apartments during the 1st quarter valued at approximately $39,000. Wells Fargo & Company MN grew its stake in shares of BRT Apartments by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 1,439 shares during the period. Finally, Brookwood Investment Group LLC bought a new position in shares of BRT Apartments during the 1st quarter valued at approximately $185,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.

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