BRT Apartments (NYSE:BRT) Lowered to Sell at StockNews.com

Posted by Defense World Staff on Jun 8th, 2023

BRT Apartments (NYSE:BRT – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other research firms have also recently weighed in on BRT. TheStreet cut shares of BRT Apartments from a “b” rating to a “c” rating in a report on Friday, March 17th. JMP Securities restated a “market outperform” rating and set a $28.00 price target on shares of BRT Apartments in a research note on Wednesday, March 29th. Finally, EF Hutton Acquisition Co. I lowered their target price on BRT Apartments from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, March 15th.

BRT Apartments Price Performance

BRT stock opened at $20.16 on Thursday. The company’s 50-day moving average price is $18.23 and its two-hundred day moving average price is $19.57. BRT Apartments has a 12 month low of $16.43 and a 12 month high of $25.67. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.89. The firm has a market cap of $386.67 million, a P/E ratio of 10.90, a P/E/G ratio of 2.05 and a beta of 1.07.

Insider Buying and Selling at BRT Apartments

In other news, CEO Jeffrey Gould acquired 5,790 shares of the business’s stock in a transaction dated Monday, March 27th. The shares were acquired at an average cost of $18.99 per share, with a total value of $109,952.10. Following the completion of the acquisition, the chief executive officer now owns 3,357,245 shares of the company’s stock, valued at $63,754,082.55. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other BRT Apartments news, CEO Jeffrey Gould acquired 5,790 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was acquired at an average cost of $18.99 per share, for a total transaction of $109,952.10. Following the completion of the transaction, the chief executive officer now directly owns 3,357,245 shares of the company’s stock, valued at $63,754,082.55. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Investors L. P. Gould purchased 18,935 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were purchased at an average price of $18.77 per share, with a total value of $355,409.95. Following the completion of the transaction, the insider now directly owns 3,330,421 shares of the company’s stock, valued at approximately $62,512,002.17. The disclosure for this purchase can be found here. Insiders have purchased 100,276 shares of company stock worth $1,869,836 over the last quarter. Insiders own 38.30% of the company’s stock.

Institutional Trading of BRT Apartments

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its stake in BRT Apartments by 2.4% during the 1st quarter. State Street Corp now owns 230,104 shares of the financial services provider’s stock worth $4,595,000 after acquiring an additional 5,350 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of BRT Apartments by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 231,433 shares of the financial services provider’s stock valued at $4,564,000 after purchasing an additional 3,582 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of BRT Apartments by 29.0% in the 1st quarter. AQR Capital Management LLC now owns 115,020 shares of the financial services provider’s stock valued at $2,268,000 after purchasing an additional 25,830 shares during the period. Punch & Associates Investment Management Inc. purchased a new position in BRT Apartments during the 1st quarter worth approximately $209,000. Finally, Deutsche Bank AG increased its position in BRT Apartments by 6.3% during the first quarter. Deutsche Bank AG now owns 45,951 shares of the financial services provider’s stock worth $906,000 after buying an additional 2,718 shares during the period. 29.64% of the stock is currently owned by hedge funds and other institutional investors.

BRT Apartments Company Profile

(Get Rating)

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.