BRT Apartments Corp. (NYSE:BRT - Get Free Report) CEO Jeffrey Gould purchased 3,300 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average cost of $16.03 per share, for a total transaction of $52,899.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,551,173 shares of the company's stock, valued at approximately $56,925,303.19. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
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 Trading Up 2.1 %
NYSE BRT opened at $16.80 on Friday. The company has a 50-day moving average of $16.39 and a 200-day moving average of $17.33. The company has a market cap of $312.14 million, a P/E ratio of 93.34 and a beta of 1.14. BRT Apartments Corp. has a 12 month low of $15.21 and a 12 month high of $20.69. 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 Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Tuesday, March 26th. BRT Apartments's dividend payout ratio is presently 555.59%.
Hedge Funds Weigh In On BRT Apartments
Several institutional investors and hedge funds have recently made changes to their positions in BRT. Goldman Sachs Group Inc. increased its position in BRT Apartments by 2.1% in the second quarter. Goldman Sachs Group Inc. now owns 27,010 shares of the financial services provider's stock worth $580,000 after buying an additional 549 shares during the period. Deutsche Bank AG grew its holdings in BRT Apartments by 1.3% during the third quarter. Deutsche Bank AG now owns 47,573 shares of the financial services provider's stock worth $822,000 after acquiring an additional 632 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in BRT Apartments by 83.9% during the first 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. State Street Corp boosted its position in shares of BRT Apartments by 0.3% in the 2nd quarter. State Street Corp now owns 230,808 shares of the financial services provider's stock valued at $4,628,000 after purchasing an additional 704 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of 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 purchasing an additional 871 shares during the period. 29.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, JMP Securities dropped their price objective on shares of BRT Apartments from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Thursday, March 14th.
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BRT Apartments Company Profile
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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.
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