BRT Apartments Corp. (NYSE:BRT) Major Shareholder Investors L. P. Gould Purchases 11,212 Shares of Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould acquired 11,212 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $190,604.00. Following the acquisition, the insider now directly owns 3,682,281 shares in the company, valued at approximately $62,598,777. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

BRT Apartments Trading Down 1.8 %

BRT opened at $16.51 on Thursday. BRT Apartments Corp. has a 12 month low of $15.21 and a 12 month high of $20.69. The stock has a market capitalization of $306.81 million, a price-to-earnings ratio of 91.72, a PEG ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average price of $16.33 and a 200 day moving average price of $17.25.

BRT Apartments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.00 annualized dividend and a yield of 6.06%. BRT Apartments’s payout ratio is 555.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in BRT Apartments by 2.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 27,010 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 549 shares in the last quarter. Deutsche Bank AG grew its stake in BRT Apartments by 1.3% during the 3rd quarter. Deutsche Bank AG now owns 47,573 shares of the financial services provider’s stock worth $822,000 after purchasing an additional 632 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in BRT Apartments by 83.9% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 635 shares in the last quarter. State Street Corp grew its stake in BRT Apartments by 0.3% during the 2nd quarter. State Street Corp now owns 230,808 shares of the financial services provider’s stock worth $4,628,000 after purchasing an additional 704 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in BRT Apartments by 18.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 871 shares in the last quarter. 29.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BRT shares. JMP Securities cut their price objective on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, March 14th. B. Riley started coverage on BRT Apartments in a report on Thursday, April 11th. They issued a “buy” rating and a $19.50 price objective on the stock.

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.