6,594 Shares in BRT Apartments Corp. (NYSE:BRT) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of BRT Apartments Corp. (NYSE:BRT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,594 shares of the financial services provider’s stock, valued at approximately $123,000.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of BRT Apartments by 5.6% during the second quarter. BlackRock Inc. now owns 986,852 shares of the financial services provider’s stock worth $19,540,000 after buying an additional 52,417 shares in the last quarter. Geode Capital Management LLC grew its stake in BRT Apartments by 6.6% in the second quarter. Geode Capital Management LLC now owns 246,761 shares of the financial services provider’s stock valued at $4,886,000 after purchasing an additional 15,328 shares in the last quarter. State Street Corp grew its stake in BRT Apartments by 0.3% in the second 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 in the last quarter. Finally, Northern Trust Corp grew its stake in BRT Apartments by 15.1% in the third quarter. Northern Trust Corp now owns 143,989 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 18,875 shares in the last quarter. 29.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. B. Riley assumed coverage on BRT Apartments in a research note on Thursday, April 11th. They issued a “buy” rating and a $19.50 price target for the company. JMP Securities decreased their price target on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, March 14th.

BRT Apartments Stock Performance

Shares of NYSE BRT opened at $16.51 on Thursday. 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 12 month low of $15.21 and a 12 month high of $20.69. The stock has a 50 day moving average of $16.33 and a 200-day moving average of $17.25. The company has a market capitalization of $306.76 million, a P/E ratio of 91.73, a P/E/G ratio of 2.36 and a beta of 1.15.

BRT Apartments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were paid 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 6.06%. BRT Apartments’s dividend payout ratio is currently 555.59%.

Insider Transactions at BRT Apartments

In other BRT Apartments news, CEO Jeffrey Gould bought 3,300 shares of BRT Apartments stock in a transaction dated Wednesday, March 27th. The stock was bought at an average cost of $16.03 per share, for a total transaction of $52,899.00. Following the purchase, the chief executive officer now owns 3,551,173 shares of the company’s stock, valued at approximately $56,925,303.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Investors L. P. Gould purchased 2,277 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $16.29 per share, with a total value of $37,092.33. Following the acquisition, the insider now owns 3,527,936 shares in the company, valued at approximately $57,470,077.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Gould purchased 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were purchased at an average cost of $16.03 per share, with a total value of $52,899.00. Following the completion of the acquisition, the chief executive officer now owns 3,551,173 shares in the company, valued at approximately $56,925,303.19. The disclosure for this purchase can be found here. In the last three months, insiders acquired 101,849 shares of company stock worth $1,692,596. 38.30% of the stock is owned by company insiders.

BRT Apartments Company Profile

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.