BRT Apartments Corp. (NYSE:BRT) Major Shareholder Investors L. P. Gould Acquires 15,475 Shares of Stock

BRT Apartments Corp. (NYSE:BRT) major shareholder Investors L. P. Gould bought 15,475 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average price of $16.23 per share, for a total transaction of $251,159.25. Following the transaction, the insider now directly owns 3,547,873 shares in the company, valued at $57,581,978.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

BRT Apartments Trading Up 3.8 %

Shares of BRT stock opened at $16.42 on Thursday. The stock’s fifty day moving average is $16.43 and its two-hundred day moving average is $17.34. 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 firm has a market capitalization of $304.99 million, a P/E ratio of 91.20 and a beta of 1.14. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $1.00 annualized dividend and a dividend yield of 6.09%. BRT Apartments’s dividend payout ratio is presently 555.59%.

Analysts Set New Price Targets

Separately, JMP Securities decreased 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY raised its holdings in shares of 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 acquiring an additional 635 shares during the period. Orion Capital Management LLC purchased a new stake in BRT Apartments in the 3rd quarter valued at about $35,000. Barclays PLC raised its holdings in BRT Apartments by 166.9% in the 4th quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock valued at $64,000 after buying an additional 2,020 shares during the period. Citigroup Inc. raised its holdings in BRT Apartments by 13,260.7% in the 2nd quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock valued at $74,000 after buying an additional 3,713 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in BRT Apartments by 18.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock valued at $95,000 after buying an additional 871 shares during the period. 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.