Matthew J. Gould Acquires 4,834 Shares of BRT Apartments Corp. (NYSE:BRT) Stock

Posted by on Mar 25th, 2023

BRT Apartments Corp. (NYSE:BRT – Get Rating) SVP Matthew J. Gould purchased 4,834 shares of BRT Apartments stock in a transaction dated Wednesday, March 22nd. The shares were acquired at an average cost of $18.92 per share, for a total transaction of $91,459.28. Following the completion of the transaction, the senior vice president now owns 3,330,421 shares of the company’s stock, valued at approximately $63,011,565.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BRT Apartments Price Performance

NYSE BRT opened at $18.87 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day moving average price is $20.59 and its 200 day moving average price is $20.65. BRT Apartments Corp. has a 1 year low of $18.07 and a 1 year high of $25.67. The company has a market cap of $361.17 million, a price-to-earnings ratio of 6.96, a PEG ratio of 2.72 and a beta of 1.06.

BRT Apartments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Monday, March 27th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.30%. The ex-dividend date is Friday, March 24th. BRT Apartments’s payout ratio is 36.90%.

Institutional Investors Weigh In On BRT Apartments

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in BRT Apartments by 2.1% in the second quarter. Goldman Sachs Group Inc. now owns 27,010 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 549 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in BRT Apartments by 83.9% in the first quarter. Metropolitan Life Insurance Co NY now owns 1,392 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 635 shares during the last quarter. All Season Financial Advisors Inc. boosted its holdings in BRT Apartments by 4.6% in the third quarter. All Season Financial Advisors Inc. now owns 15,902 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 697 shares during the last quarter. UBS Group AG boosted its holdings in BRT Apartments by 16.7% in the third quarter. UBS Group AG now owns 6,178 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 882 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in BRT Apartments by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,692 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 903 shares during the last quarter. 29.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on BRT. StockNews.com raised BRT Apartments from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet downgraded BRT Apartments from a “b” rating to a “c” rating in a research report on Friday, March 17th. Finally, EF Hutton Acquisition Co. I cut their target price on BRT Apartments from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, March 15th.

About BRT Apartments

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BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.

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Insider Buying and Selling by Quarter for BRT Apartments (NYSE:BRT)

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