BRT Apartments Corp. (NYSE:BRT - Get Free Report) major shareholder Investors L. P. Gould bought 11,212 shares of the stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $17.00 per share, with a total value of $190,604.00. Following the completion of the acquisition, the insider now directly owns 3,682,281 shares of the company's stock, valued at approximately $62,598,777. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
BRT Apartments Stock Performance
Shares of BRT stock 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 firm has a market capitalization of $306.81 million, a price-to-earnings ratio of 91.72, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The business has a 50 day simple moving average of $16.33 and a 200 day simple moving average of $17.25. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments's dividend payout ratio (DPR) is 555.56%.
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BRT has been the subject of several recent research reports. B. Riley initiated coverage on BRT Apartments in a report on Thursday, April 11th. They set a "buy" rating and a $19.50 target price for the company. JMP Securities lowered their target price on BRT Apartments from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Thursday, March 14th.
Check Out Our Latest Report on BRT Apartments
Hedge Funds Weigh In On BRT Apartments
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRT. Acadian Asset Management LLC grew its holdings in BRT Apartments by 566.8% in the 1st quarter. Acadian Asset Management LLC now owns 18,491 shares of the financial services provider's stock worth $442,000 after buying an additional 15,718 shares in the last quarter. MetLife Investment Management LLC bought a new position in BRT Apartments in the 1st quarter worth approximately $149,000. Metropolitan Life Insurance Co NY grew its holdings in BRT Apartments by 83.9% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider's stock worth $33,000 after buying an additional 635 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in BRT Apartments by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 118,333 shares of the financial services provider's stock worth $2,837,000 after purchasing an additional 2,817 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in BRT Apartments by 19.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 98,835 shares of the financial services provider's stock worth $2,370,000 after purchasing an additional 15,787 shares during the period. 29.07% of the stock is owned by institutional investors.
BRT Apartments Company Profile
(
Get Free Report)
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.
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