BRT Apartments Corp. (NYSE:BRT) Major Shareholder Investors L. P. Gould Acquires 11,212 Shares

BRT Apartments Corp. (NYSE:BRT - Get Free Report) major shareholder Investors L. P. Gould bought 11,212 shares of BRT Apartments stock in a transaction on Monday, April 15th. The stock was purchased at an average price of $17.00 per share, with a total value of $190,604.00. Following the completion of the acquisition, the insider now directly owns 3,682,281 shares of the company's stock, valued at approximately $62,598,777. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

BRT Apartments Trading Down 1.8 %

BRT Apartments stock traded down $0.31 during trading on Wednesday, hitting $16.51. The company had a trading volume of 44,454 shares, compared to its average volume of 41,991. BRT Apartments Corp. has a 1-year low of $15.21 and a 1-year high of $20.69. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.01. The company's 50 day simple moving average is $16.33 and its 200-day simple moving average is $17.25. The stock has a market cap of $306.76 million, a price-to-earnings ratio of 91.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15.

BRT Apartments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.00 annualized dividend and a yield of 6.06%. BRT Apartments's dividend payout ratio (DPR) is presently 555.59%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JMP Securities reduced their target price on shares of BRT Apartments from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, March 14th. B. Riley assumed coverage on shares of BRT Apartments in a report on Thursday, April 11th. They issued a "buy" rating and a $19.50 target price for the company.

Institutional Trading of BRT Apartments

Institutional investors have recently added to or reduced their stakes in the stock. Silverberg Bernstein Capital Management LLC acquired a new stake in BRT Apartments in the 4th quarter valued at approximately $1,229,000. Clear Creek Financial Management LLC acquired a new position in shares of BRT Apartments in the fourth quarter worth $263,000. Capital Square LLC grew its stake in shares of BRT Apartments by 7.7% in the fourth quarter. Capital Square LLC now owns 27,660 shares of the financial services provider's stock worth $514,000 after acquiring an additional 1,973 shares in the last quarter. Bailard Inc. acquired a new position in shares of BRT Apartments in the third quarter worth $251,000. Finally, Orion Capital Management LLC acquired a new position in shares of BRT Apartments in the third quarter worth $35,000. Institutional investors and hedge funds own 29.07% of the company's stock.

BRT Apartments Company Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.

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