Insider Buying: BRT Apartments Corp. (NYSE:BRT) CEO Buys $38,551.00 in Stock

BRT Apartments Corp. (NYSE:BRTGet Rating) CEO Jeffrey Gould purchased 1,900 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was bought at an average cost of $20.29 per share, with a total value of $38,551.00. Following the acquisition, the chief executive officer now owns 3,147,427 shares of the company’s stock, valued at approximately $63,861,293.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, October 7th, Jeffrey Gould bought 15,163 shares of BRT Apartments stock. The shares were acquired at an average cost of $19.09 per share, with a total value of $289,461.67.
  • On Monday, October 10th, Jeffrey Gould purchased 12,880 shares of BRT Apartments stock. The shares were purchased at an average price of $19.04 per share, for a total transaction of $245,235.20.
  • On Thursday, September 29th, Jeffrey Gould bought 11,347 shares of BRT Apartments stock. The stock was bought at an average price of $20.03 per share, for a total transaction of $227,280.41.
  • On Monday, September 26th, Jeffrey Gould bought 9,168 shares of BRT Apartments stock. The stock was bought at an average price of $20.62 per share, for a total transaction of $189,044.16.
  • On Friday, September 23rd, Jeffrey Gould purchased 11,137 shares of BRT Apartments stock. The stock was acquired at an average cost of $21.36 per share, for a total transaction of $237,886.32.
  • On Friday, September 16th, Jeffrey Gould purchased 7,644 shares of BRT Apartments stock. The stock was acquired at an average cost of $21.61 per share, for a total transaction of $165,186.84.
  • On Monday, September 19th, Jeffrey Gould purchased 695 shares of BRT Apartments stock. The stock was acquired at an average cost of $22.06 per share, for a total transaction of $15,331.70.

BRT Apartments Price Performance

Shares of BRT stock opened at $20.62 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50-day moving average is $20.90 and its two-hundred day moving average is $21.93. BRT Apartments Corp. has a 12 month low of $18.35 and a 12 month high of $25.67. The company has a market capitalization of $390.54 million, a PE ratio of 7.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20.

BRT Apartments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Tuesday, September 27th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date was Monday, September 26th. BRT Apartments’s dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. B. Riley decreased their price target on shares of BRT Apartments from $32.00 to $30.00 in a research note on Friday, November 11th. JMP Securities reissued a “buy” rating and issued a $28.00 price target on shares of BRT Apartments in a research note on Wednesday. Finally, StockNews.com assumed coverage on shares of BRT Apartments in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On BRT Apartments

A number of institutional investors have recently bought and sold shares of BRT. Allspring Global Investments Holdings LLC raised its stake in 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 worth $1,758,000 after purchasing an additional 62,366 shares during the period. Hillsdale Investment Management Inc. raised its stake in BRT Apartments by 34.9% during the third quarter. Hillsdale Investment Management Inc. now owns 219,689 shares of the financial services provider’s stock worth $4,462,000 after purchasing an additional 56,800 shares during the period. ClariVest Asset Management LLC purchased a new position in BRT Apartments during the second quarter worth about $758,000. Avantax Advisory Services Inc. raised its stake 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 valued at $5,064,000 after acquiring an additional 26,160 shares during the period. Finally, Northern Trust Corp raised its stake 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 valued at $2,692,000 after acquiring an additional 20,734 shares during the period. 29.36% of the stock is owned by hedge funds and other institutional investors.

BRT Apartments Company Profile

(Get Rating)

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

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

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