Insider Buying: BRT Apartments Corp. (NYSE:BRT) Major Shareholder Buys 5,000 Shares of Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $15.93 per share, for a total transaction of $79,650.00. Following the completion of the transaction, the insider now directly owns 3,979,170 shares in the company, valued at approximately $63,388,178.10. This trade represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

BRT Apartments Stock Performance

BRT opened at $15.92 on Tuesday. The stock has a market capitalization of $301.27 million, a price-to-earnings ratio of -30.03 and a beta of 1.03. The company has a fifty day moving average of $15.67 and a 200 day moving average of $17.00. BRT Apartments Corp. has a fifty-two week low of $14.61 and a fifty-two week high of $20.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.94 and a current ratio of 1.94.

BRT Apartments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 annualized dividend and a yield of 6.28%. BRT Apartments’s payout ratio is -208.33%.

Hedge Funds Weigh In On BRT Apartments

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of BRT Apartments by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,130,907 shares of the financial services provider’s stock worth $19,225,000 after buying an additional 17,850 shares in the last quarter. Silverberg Bernstein Capital Management LLC grew its stake in shares of BRT Apartments by 19.5% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 78,985 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 12,901 shares in the last quarter. Albert D Mason Inc. grew its stake in shares of BRT Apartments by 1.8% in the 1st quarter. Albert D Mason Inc. now owns 70,397 shares of the financial services provider’s stock worth $1,197,000 after buying an additional 1,278 shares in the last quarter. Wealth Alliance grew its stake in shares of BRT Apartments by 141.7% in the 4th quarter. Wealth Alliance now owns 65,621 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 38,475 shares in the last quarter. Finally, Advisor Resource Council purchased a new position in shares of BRT Apartments in the 1st quarter worth $994,000. 29.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BRT shares. B. Riley decreased their price objective on shares of BRT Apartments from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Colliers Securities downgraded shares of BRT Apartments from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th. Finally, Wall Street Zen cut shares of BRT Apartments from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

BRT Apartments Company Profile

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.