Insider Buying: BRT Apartments Corp (BRT) Director Buys $12,330.00 in Stock

BRT Apartments Corp (NYSE:BRT) Director Louis C. Grassi purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was bought at an average cost of $12.33 per share, for a total transaction of $12,330.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of BRT traded down $0.17 during trading hours on Friday, reaching $11.86. The stock had a trading volume of 772 shares, compared to its average volume of 22,379. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 2.72. BRT Apartments Corp has a 52 week low of $10.00 and a 52 week high of $14.20. The stock has a market cap of $181.36 million, a P/E ratio of 17.70 and a beta of 0.50.

BRT Apartments (NYSE:BRT) last released its quarterly earnings data on Wednesday, August 8th. The financial services provider reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.02). BRT Apartments had a net margin of 27.75% and a return on equity of 12.06%. The firm had revenue of $30.15 million during the quarter, compared to the consensus estimate of $30.43 million. On average, equities research analysts expect that BRT Apartments Corp will post 0.94 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of BRT Apartments by 16.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 109,444 shares of the financial services provider’s stock valued at $1,318,000 after buying an additional 15,609 shares in the last quarter. Albert D Mason Inc. increased its position in shares of BRT Apartments by 12.6% in the 3rd quarter. Albert D Mason Inc. now owns 129,320 shares of the financial services provider’s stock valued at $1,557,000 after buying an additional 14,445 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of BRT Apartments in the 3rd quarter valued at $183,000. Northern Trust Corp increased its position in shares of BRT Apartments by 119.1% in the 2nd quarter. Northern Trust Corp now owns 125,869 shares of the financial services provider’s stock valued at $1,605,000 after buying an additional 68,420 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of BRT Apartments by 3,926.5% in the 2nd quarter. Bank of America Corp DE now owns 29,313 shares of the financial services provider’s stock valued at $374,000 after buying an additional 28,585 shares in the last quarter. Institutional investors and hedge funds own 28.66% of the company’s stock.

A number of research firms have recently weighed in on BRT. Zacks Investment Research raised BRT Apartments from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine cut shares of BRT Apartments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, TheStreet cut shares of BRT Apartments from a “b-” rating to a “c” rating in a research report on Monday, August 20th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BRT Apartments presently has an average rating of “Buy” and an average price target of $15.33.

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About BRT Apartments

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

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