BRT Apartments Corp. (NYSE:BRT) SVP Matthew J. Gould Acquires 3,205 Shares

BRT Apartments Corp. (NYSE:BRTGet 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:BRTGet 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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Tuesday, September 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Monday, September 26th. BRT Apartments’s payout ratio is currently 24.81%.

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

(Get Rating)

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

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Insider Buying and Selling by Quarter for BRT Apartments (NYSE:BRT)

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