BRT Apartments Corp. (NYSE:BRT – Get Free Report) major shareholder Investors L. P. Gould purchased 12,850 shares of BRT Apartments stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average price of $16.89 per share, for a total transaction of $217,036.50. Following the acquisition, the insider now owns 3,707,981 shares in the company, valued at $62,627,799.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
BRT Apartments Stock Performance
BRT Apartments stock opened at $17.37 on Friday. The stock’s 50 day simple moving average is $16.34 and its two-hundred day simple moving average is $17.24. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $322.73 million, a price-to-earnings ratio of 96.51, a PEG ratio of 2.29 and a beta of 1.15. BRT Apartments Corp. has a fifty-two week low of $15.21 and a fifty-two week high of $20.69.
BRT Apartments Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were given 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 5.76%. BRT Apartments’s payout ratio is 555.59%.
Institutional Trading of BRT Apartments
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on BRT shares. JMP Securities reduced their price target 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 began coverage on BRT Apartments in a research report on Thursday, April 11th. They set a “buy” rating and a $19.50 price objective on the stock.
Read Our Latest Analysis on BRT Apartments
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.
Featured Articles
- Five stocks we like better than BRT Apartments
- 10 Best Airline Stocks to Buy
- Comprehensive Analysis of PayPal Stock
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Intuitive Surgical Stock Can Trend Much Higher This YearÂ
- Investing In Preferred Stock vs. Common Stock
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for BRT Apartments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRT Apartments and related companies with MarketBeat.com's FREE daily email newsletter.