23,308 Shares in BRT Apartments Corp. $BRT Purchased by Permanens Capital L.P.

Permanens Capital L.P. acquired a new position in BRT Apartments Corp. (NYSE:BRT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,308 shares of the financial services provider’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRT. GAMMA Investing LLC grew its position in shares of BRT Apartments by 10,464.3% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,465 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of BRT Apartments by 131.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,745 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 991 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of BRT Apartments by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,571 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,439 shares in the last quarter. Brookwood Investment Group LLC bought a new position in shares of BRT Apartments during the 1st quarter valued at about $185,000. Finally, Lesa Sroufe & Co bought a new position in shares of BRT Apartments during the 1st quarter valued at about $297,000. 29.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Investors L. P. Gould acquired 1,742 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were bought at an average price of $15.80 per share, for a total transaction of $27,523.60. Following the purchase, the insider directly owned 3,980,912 shares in the company, valued at approximately $62,898,409.60. This trade represents a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Gould purchased 3,468 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price of $14.96 per share, for a total transaction of $51,881.28. Following the purchase, the chief executive officer owned 4,040,400 shares in the company, valued at $60,444,384. This trade represents a 0.09% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 14,788 shares of company stock worth $227,531. Company insiders own 42.00% of the company’s stock.

BRT Apartments Trading Down 1.3%

NYSE BRT opened at $15.60 on Friday. BRT Apartments Corp. has a 52 week low of $14.17 and a 52 week high of $20.22. The stock has a market capitalization of $295.23 million, a price-to-earnings ratio of -31.83 and a beta of 0.94. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s 50 day moving average price is $15.48 and its two-hundred day moving average price is $16.06.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut BRT Apartments from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.00.

About BRT Apartments

BRT Apartments Corp. is a real estate investment trust. It engages in the ownership, operation, and holding interests in joint ventures that own and operate multi-family properties. The company was founded in June 1972 and is headquartered in Great Neck, NY.