BRT Apartments Corp. (NYSE:BRT - Get Free Report) CEO Jeffrey Gould acquired 12,299 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was acquired at an average price of $16.81 per share, with a total value of $206,746.19. Following the acquisition, the chief executive officer now directly owns 3,580,541 shares of the company's stock, valued at approximately $60,188,894.21. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jeffrey Gould also recently made the following trade(s):
- On Wednesday, March 27th, Jeffrey Gould purchased 3,300 shares of BRT Apartments stock. The shares were purchased at an average price of $16.03 per share, with a total value of $52,899.00.
- On Monday, March 25th, Jeffrey Gould purchased 4,275 shares of BRT Apartments stock. The shares were purchased at an average price of $16.48 per share, with a total value of $70,452.00.
- On Tuesday, March 19th, Jeffrey Gould purchased 991 shares of BRT Apartments stock. The shares were purchased at an average price of $16.25 per share, with a total value of $16,103.75.
BRT Apartments Stock Up 0.5 %
Shares of NYSE:BRT opened at $16.70 on Friday. The company has a market capitalization of $310.29 million, a PE ratio of 92.78 and a beta of 1.15. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.01. BRT Apartments Corp. has a twelve month low of $15.21 and a twelve month high of $20.69. The firm has a 50 day simple moving average of $16.27 and a 200-day simple moving average of $17.27.
BRT Apartments Announces Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders 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 dividend yield of 5.99%. BRT Apartments's dividend payout ratio is presently 555.59%.
Institutional Trading of BRT Apartments
Several institutional investors have recently modified their holdings of the stock. Stifel Financial Corp purchased a new stake in BRT Apartments in the 1st quarter valued at $1,805,000. Silverberg Bernstein Capital Management LLC purchased a new position in shares of BRT Apartments in the 4th quarter valued at about $1,229,000. BlackRock Inc. increased its holdings in shares of BRT Apartments by 5.6% in the 2nd quarter. BlackRock Inc. now owns 986,852 shares of the financial services provider's stock valued at $19,540,000 after purchasing an additional 52,417 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in BRT Apartments during the 4th quarter valued at about $504,000. Finally, AQR Capital Management LLC increased its holdings in BRT Apartments by 29.0% during the 1st quarter. AQR Capital Management LLC now owns 115,020 shares of the financial services provider's stock valued at $2,268,000 after acquiring an additional 25,830 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company's stock.
Wall Street Analyst Weigh In
Separately, JMP Securities lowered their price target on shares of BRT Apartments from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, March 14th.
Read Our Latest Stock Report on BRT
About BRT Apartments
(
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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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