BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould Acquires 3,300 Shares

BRT Apartments Corp. (NYSE:BRT) CEO Jeffrey Gould bought 3,300 shares of BRT Apartments stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average price of $16.03 per share, with a total value of $52,899.00. Following the completion of the transaction, the chief executive officer now directly owns 3,551,173 shares of the company’s stock, valued at $56,925,303.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 25th, Jeffrey Gould bought 4,275 shares of BRT Apartments stock. The stock was acquired at an average price of $16.48 per share, with a total value of $70,452.00.
• On Tuesday, March 19th, Jeffrey Gould bought 991 shares of BRT Apartments stock. The shares were bought at an average cost of $16.25 per share, with a total value of $16,103.75.

BRT Apartments Stock Up 2.1 %

Shares of NYSE BRT traded up $0.35 during midday trading on Friday, hitting $16.80. The company’s stock had a trading volume of 57,820 shares, compared to its average volume of 47,348. The business’s fifty day simple moving average is $16.41 and its two-hundred day simple moving average is $17.34. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.10 and a quick ratio of 1.10. BRT Apartments Corp. has a 1 year low of $15.21 and a 1 year high of $20.69. The firm has a market capitalization of $312.14 million, a price-to-earnings ratio of 93.39 and a beta of 1.14.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Tuesday, March 26th. BRT Apartments’s payout ratio is 555.59%.

Analysts Set New Price Targets

Separately, JMP Securities lowered their price objective on shares of BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BRT. Silverberg Bernstein Capital Management LLC acquired a new stake in BRT Apartments in the fourth quarter valued at approximately $1,229,000. Bailard Inc. acquired a new stake in BRT Apartments in the third quarter valued at approximately $251,000. Orion Capital Management LLC acquired a new stake in BRT Apartments in the third quarter valued at approximately $35,000. Capital Square LLC raised its holdings in BRT Apartments by 15.5% in the third quarter. Capital Square LLC now owns 25,687 shares of the financial services provider’s stock valued at $446,000 after acquiring an additional 3,455 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in BRT Apartments by 18.6% in the third quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 871 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

About BRT Apartments

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 September 30, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.