BRT Apartments Corp. (NYSE:BRT – Get Free Report) major shareholder Investors L. P. Gould purchased 11,212 shares of the business’s stock in a transaction on Monday, April 15th. The shares were bought at an average price of $17.00 per share, for a total transaction of $190,604.00. Following the purchase, the insider now directly owns 3,682,281 shares in the company, valued at approximately $62,598,777. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
BRT Apartments Stock Up 4.5 %
BRT stock opened at $17.37 on Friday. The firm’s fifty day simple moving average is $16.34 and its 200-day simple moving average is $17.24. The company has a market capitalization of $322.73 million, a P/E ratio of 96.51, a price-to-earnings-growth ratio of 2.29 and a beta of 1.15. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.10 and a quick ratio of 1.10. BRT Apartments Corp. has a 12 month low of $15.21 and a 12 month high of $20.69.
BRT Apartments Dividend Announcement
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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Tuesday, March 26th. BRT Apartments’s dividend payout ratio (DPR) is currently 555.59%.
Institutional Trading of BRT Apartments
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on BRT. B. Riley initiated coverage on shares of BRT Apartments in a research note on Thursday, April 11th. They set a “buy” rating and a $19.50 price target on the stock. JMP Securities dropped their price objective on shares of BRT Apartments from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, March 14th.
Read Our Latest Analysis on BRT
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.
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