Jeffrey Gould Acquires 5,500 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

BRT Apartments Corp. (NYSE:BRT - Get Free Report) CEO Jeffrey Gould acquired 5,500 shares of the business's stock in a transaction dated Friday, April 19th. The stock was acquired at an average cost of $16.89 per share, for a total transaction of $92,895.00. Following the transaction, the chief executive officer now owns 3,726,331 shares of the company's stock, valued at $62,937,730.59. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, April 3rd, Jeffrey Gould bought 12,299 shares of BRT Apartments stock. The stock was bought at an average cost of $16.81 per share, for a total transaction of $206,746.19.
• On Wednesday, March 27th, Jeffrey Gould purchased 3,300 shares of BRT Apartments stock. The shares were bought at an average cost of $16.03 per share, with a total value of $52,899.00.
• On Monday, March 25th, Jeffrey Gould purchased 4,275 shares of BRT Apartments stock. The shares were bought at an average cost of $16.48 per share, for a total transaction of $70,452.00.
• On Tuesday, March 19th, Jeffrey Gould acquired 991 shares of BRT Apartments stock. The stock was bought at an average cost of $16.25 per share, with a total value of $16,103.75.

BRT Apartments Stock Performance

Shares of NYSE:BRT traded up $0.44 during trading on Monday, reaching $17.81. 41,281 shares of the stock were exchanged, compared to its average volume of 42,233. The firm has a market cap of $330.96 million, a PE ratio of 98.94, a PEG ratio of 2.41 and a beta of 1.15. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.01. BRT Apartments Corp. has a 12 month low of $15.21 and a 12 month high of $20.69. The stock has a 50-day moving average price of $16.38 and a 200-day moving average price of $17.27.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments's payout ratio is 555.56%.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently modified their holdings of BRT. Allspring Global Investments Holdings LLC raised its position in shares of BRT Apartments by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider's stock valued at $344,000 after buying an additional 1,726 shares in the last quarter. Capital Square LLC increased its stake in BRT Apartments by 7.7% during the 4th 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 during the period. Clear Creek Financial Management LLC acquired a new position in BRT Apartments in the 4th quarter valued at $263,000. Silverberg Bernstein Capital Management LLC bought a new stake in shares of BRT Apartments during the 4th quarter valued at $1,229,000. Finally, SG Americas Securities LLC acquired a new stake in shares of BRT Apartments during the 4th quarter worth $123,000. Institutional investors and hedge funds own 29.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JMP Securities dropped their price target on shares of BRT Apartments from $28.00 to $24.00 and set an "outperform" rating on the stock in a research report on Thursday, March 14th. B. Riley began coverage on shares of BRT Apartments in a research note on Thursday, April 11th. They issued a "buy" rating and a $19.50 target price for the company.

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.