BRT Apartments (NYSE:BRT) Stock Price Passes Above 200 Day Moving Average of $17.35

BRT Apartments Corp. (NYSE:BRT)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BRT. JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price objective on shares of BRT Apartments in a report on Tuesday, May 21st. B. Riley lifted their price target on BRT Apartments from $19.50 to $20.50 and gave the company a “buy” rating in a report on Friday, May 17th.

BRT Apartments Price Performance

The business has a fifty day moving average price of $17.64 and a 200 day moving average price of $17.35. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $321.73 million, a price-to-earnings ratio of 78.46, a price-to-earnings-growth ratio of 1.99 and a beta of 1.08.

BRT Apartments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.79%. BRT Apartments’s dividend payout ratio (DPR) is 454.57%.

Insider Transactions at BRT Apartments

In other news, major shareholder Investors L. P. Gould purchased 12,299 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was purchased at an average cost of $16.85 per share, with a total value of $207,238.15. Following the purchase, the insider now owns 3,644,628 shares in the company, valued at approximately $61,411,981.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BRT Apartments news, major shareholder Investors L. P. Gould purchased 12,299 shares of the company’s stock in a transaction on Friday, April 5th. The shares were purchased at an average cost of $16.85 per share, for a total transaction of $207,238.15. Following the completion of the transaction, the insider now owns 3,644,628 shares in the company, valued at $61,411,981.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Investors L. P. Gould acquired 12,850 shares of BRT Apartments stock in a transaction dated Wednesday, April 17th. The shares were acquired at an average price of $16.89 per share, with a total value of $217,036.50. Following the transaction, the insider now owns 3,707,981 shares in the company, valued at approximately $62,627,799.09. The disclosure for this purchase can be found here. In the last three months, insiders purchased 66,360 shares of company stock valued at $1,120,578. Company insiders own 40.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BRT. Deutsche Bank AG boosted its position in shares of BRT Apartments by 1.3% in the 3rd quarter. Deutsche Bank AG now owns 47,573 shares of the financial services provider’s stock valued at $822,000 after purchasing an additional 632 shares during the period. Orion Capital Management LLC acquired a new position in shares of BRT Apartments in the third quarter worth about $35,000. SG Americas Securities LLC purchased a new position in shares of BRT Apartments in the fourth quarter worth approximately $123,000. Silverberg Bernstein Capital Management LLC acquired a new stake in shares of BRT Apartments during the fourth quarter valued at approximately $1,229,000. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of BRT Apartments in the 4th quarter valued at approximately $263,000. Institutional investors and hedge funds 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.