BRT Apartments (NYSE:BRT) Stock Crosses Above 200-Day Moving Average of $17.35

BRT Apartments Corp. (NYSE:BRT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.35 and traded as high as $17.41. BRT Apartments shares last traded at $17.26, with a volume of 27,894 shares.

Analyst Ratings Changes

BRT has been the subject of a number of research analyst reports. B. Riley increased their price target on BRT Apartments from $19.50 to $20.50 and gave the company a “buy” rating in a research report on Friday, May 17th. JMP Securities reaffirmed a “market outperform” rating and set a $24.00 target price on shares of BRT Apartments in a research report on Tuesday, May 21st.

BRT Apartments Trading Down 0.1 %

The stock’s 50 day simple moving average is $17.65 and its two-hundred day simple moving average is $17.35. The stock has a market capitalization of $318.37 million, a PE ratio of 77.91, a PEG ratio of 1.91 and a beta of 1.08. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.10 and a quick ratio of 1.10.

BRT Apartments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $1.00 annualized dividend and a yield of 5.85%. BRT Apartments’s payout ratio is 454.57%.

Insiders Place Their Bets

In other news, CEO Jeffrey Gould acquired 5,500 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average cost of $16.89 per share, for a total transaction of $92,895.00. Following the purchase, the chief executive officer now owns 3,726,331 shares of the company’s stock, valued at approximately $62,937,730.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other BRT Apartments news, CEO Jeffrey Gould acquired 5,500 shares of BRT Apartments stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average cost of $16.89 per share, for a total transaction of $92,895.00. Following the purchase, the chief executive officer now owns 3,726,331 shares of the company’s stock, valued at $62,937,730.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Investors L. P. Gould bought 12,850 shares of the stock in a transaction on Wednesday, April 17th. The shares were acquired at an average cost of $16.89 per share, for a total transaction of $217,036.50. Following the acquisition, the insider now directly owns 3,707,981 shares in the company, valued at $62,627,799.09. The disclosure for this purchase can be found here. Insiders bought 66,360 shares of company stock valued at $1,120,578 over the last ninety days. 40.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of BRT Apartments by 1.6% in the first quarter. Vanguard Group Inc. now owns 616,467 shares of the financial services provider’s stock valued at $10,357,000 after acquiring an additional 9,483 shares during the period. Oppenheimer & Close LLC boosted its holdings in BRT Apartments by 3.4% in the 1st quarter. Oppenheimer & Close LLC now owns 347,774 shares of the financial services provider’s stock valued at $5,843,000 after purchasing an additional 11,287 shares during the period. BNP Paribas Financial Markets grew its position in shares of BRT Apartments by 187.0% during the 1st quarter. BNP Paribas Financial Markets now owns 8,263 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 5,384 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of BRT Apartments by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 20,466 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 1,726 shares during the period. Finally, Albert D Mason Inc. raised its position in shares of BRT Apartments by 0.9% in the first quarter. Albert D Mason Inc. now owns 68,740 shares of the financial services provider’s stock worth $1,155,000 after buying an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

About BRT Apartments

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.