BRT Apartments Corp. (NYSE:BRT) CEO Buys $15,331.70 in Stock

BRT Apartments Corp. (NYSE:BRTGet Rating) CEO Jeffrey Gould purchased 695 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was bought at an average price of $22.06 per share, with a total value of $15,331.70. Following the completion of the transaction, the chief executive officer now owns 3,036,423 shares of the company’s stock, valued at $66,983,491.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeffrey Gould also recently made the following trade(s):

  • On Friday, September 16th, Jeffrey Gould bought 7,644 shares of BRT Apartments stock. The stock was purchased at an average cost of $21.61 per share, for a total transaction of $165,186.84.

BRT Apartments Price Performance

Shares of BRT stock opened at $21.55 on Friday. The stock has a 50 day moving average price of $23.25 and a 200 day moving average price of $22.68. BRT Apartments Corp. has a 52-week low of $18.35 and a 52-week high of $25.67. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $406.63 million, a P/E ratio of 5.35, a P/E/G ratio of 2.18 and a beta of 1.19.

BRT Apartments (NYSE:BRTGet Rating) last released its earnings results on Monday, August 8th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $2.03. BRT Apartments had a return on equity of 33.91% and a net margin of 167.66%. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, sell-side analysts predict that BRT Apartments Corp. will post 1.63 earnings per share for the current year.

BRT Apartments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Tuesday, September 27th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 26th. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. BRT Apartments’s payout ratio is 24.81%.

Hedge Funds Weigh In On BRT Apartments

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of BRT Apartments by 320.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 81,816 shares of the financial services provider’s stock valued at $1,758,000 after acquiring an additional 62,366 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in BRT Apartments during the 2nd quarter worth $758,000. Traynor Capital Management Inc. bought a new stake in BRT Apartments during the 1st quarter valued at $714,000. Avantax Advisory Services Inc. lifted its holdings in shares of BRT Apartments by 12.5% in the 2nd quarter. Avantax Advisory Services Inc. now owns 235,642 shares of the financial services provider’s stock worth $5,064,000 after buying an additional 26,160 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of BRT Apartments by 19.8% in the 2nd quarter. Northern Trust Corp now owns 125,287 shares of the financial services provider’s stock worth $2,692,000 after buying an additional 20,734 shares during the period. 29.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, upgraded shares of BRT Apartments from a “hold” rating to a “buy” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.50.

About BRT Apartments

(Get Rating)

BRT is a real estate investment trust that owns, operates and develops multi-family properties.

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