BRT Apartments Corp. (NYSE:BRT – Get Rating) SVP Matthew J. Gould bought 3,205 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was bought at an average price of $21.54 per share, for a total transaction of $69,035.70. Following the completion of the purchase, the senior vice president now directly owns 3,039,628 shares of the company’s stock, valued at approximately $65,473,587.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
BRT Apartments Stock Performance
Shares of BRT traded down $0.38 during trading hours on Friday, reaching $21.17. 60,133 shares of the company’s stock traded hands, compared to its average volume of 58,584. The firm has a market capitalization of $399.46 million, a price-to-earnings ratio of 5.28, a P/E/G ratio of 2.25 and a beta of 1.19. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.81 and a quick ratio of 2.81. BRT Apartments Corp. has a twelve month low of $18.35 and a twelve month high of $25.67. The business’s fifty day simple moving average is $23.25 and its two-hundred day simple moving average is $22.68.
BRT Apartments (NYSE:BRT – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The financial services provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $2.03. BRT Apartments had a return on equity of 33.91% and a net margin of 167.66%. During the same quarter last year, the business earned $0.31 EPS. Analysts predict that BRT Apartments Corp. will post 1.63 earnings per share for the current year.
BRT Apartments Announces Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded BRT Apartments from a “hold” rating to a “buy” rating in a research note on Thursday, July 7th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.50.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Visionary Wealth Advisors acquired a new position in BRT Apartments during the first quarter worth about $249,000. Wealth Alliance increased its stake in BRT Apartments by 20.2% in the 1st quarter. Wealth Alliance now owns 15,287 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 2,564 shares in the last quarter. All Season Financial Advisors Inc. purchased a new position in BRT Apartments in the 1st quarter worth about $426,000. Next Capital Management LLC purchased a new position in BRT Apartments in the 2nd quarter worth about $152,000. Finally, EAM Investors LLC increased its stake in BRT Apartments by 1.6% in the 1st quarter. EAM Investors LLC now owns 72,026 shares of the financial services provider’s stock worth $1,726,000 after purchasing an additional 1,142 shares in the last quarter. 29.36% of the stock is owned by institutional investors and hedge funds.
About BRT Apartments
BRT is a real estate investment trust that owns, operates and develops multi-family properties.
- Get a free copy of the StockNews.com research report on BRT Apartments (BRT)
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