Insider Buying: BRT Apartments Corp. (NYSE:BRT) SVP Buys $206,058.00 in Stock

BRT Apartments Corp. (NYSE:BRT) SVP Matthew J. Gould acquired 12,200 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were acquired at an average cost of $16.89 per share, with a total value of $206,058.00. Following the completion of the purchase, the senior vice president now owns 3,671,069 shares in the company, valued at $62,004,355.41. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

BRT Apartments Stock Down 1.8 %

Shares of NYSE BRT opened at $16.51 on Thursday. The firm has a market cap of $306.76 million, a P/E ratio of 91.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.10 and a current ratio of 1.10. BRT Apartments Corp. has a 1 year low of $15.21 and a 1 year high of $20.69. The firm’s 50 day moving average price is $16.33 and its 200 day moving average price is $17.25.

BRT Apartments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend was Tuesday, March 26th. BRT Apartments’s dividend payout ratio (DPR) is 555.59%.

Wall Street Analysts Forecast Growth

BRT has been the topic of a number of analyst reports. B. Riley began coverage on BRT Apartments in a report on Thursday, April 11th. They set a “buy” rating and a $19.50 target price on the stock. JMP Securities dropped their price objective on BRT Apartments from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, March 14th.

Institutional Investors Weigh In On BRT Apartments

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY boosted its stake 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 during the last quarter. Orion Capital Management LLC acquired a new stake in shares of BRT Apartments in the third quarter worth approximately $35,000. Barclays PLC boosted its position in shares of BRT Apartments by 166.9% in the fourth quarter. Barclays PLC now owns 3,230 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 2,020 shares during the last quarter. Citigroup Inc. grew its holdings in BRT Apartments by 13,260.7% in the second quarter. Citigroup Inc. now owns 3,741 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 3,713 shares during the period. Finally, State of Alaska Department of Revenue increased its position in BRT Apartments by 18.6% during the third quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

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.