BRT Apartments Corp. senior VP Matthew J. Gould buys $207k in stock

In a recent transaction, Matthew J. Gould, Senior Vice President of BRT Apartments Corp. (NYSE:BRT), has purchased shares of the company's common stock worth approximately $207,214. The acquisition was made at a weighted average price of $16.8481 per share, with prices ranging from $16.76 to $16.90.

This purchase demonstrates a positive sentiment from Gould, who is also a trustee of various entities holding significant stakes in the company. The shares acquired by Gould are indirectly held through Gould Investors L.P., an entity in which he serves as an officer of the managing general partner. According to the filing, the shares obtained include those through the issuer's dividend reinvestment plan.

The transaction adds to Gould's already substantial interest in BRT Apartments Corp., a real estate investment trust specializing in multi-family properties. Following this recent purchase, Gould Investors L.P. now owns a total of 3,644,627.849 shares of BRT Apartments Corp., reinforcing his alignment with the company's long-term growth.

Investors often monitor insider buying as it can signal executives' confidence in the firm's prospects. Gould's latest investment aligns with this narrative, potentially indicating his bullish outlook for the company's future performance.

BRT Apartments Corp. has not released any official statement regarding the transaction, but the purchase is now part of the public record, providing transparency to shareholders and the market.

Following the insider buying activity by Matthew J. Gould at BRT Apartments Corp. (NYSE:BRT), a closer look at the company's financial metrics from InvestingPro reveals a mixed financial landscape. BRT Apartments Corp. boasts a significant market capitalization of $345.76 million, reflecting its standing in the real estate investment sector. Additionally, the company has been consistent in rewarding its shareholders, raising its dividend for 7 consecutive years, which is a testament to its commitment to returning value to its investors.

Despite a robust revenue growth of 35.62% in the last twelve months as of Q4 2023, BRT Apartments Corp. is trading at a high earnings multiple, with a P/E Ratio of 108.1. This could suggest that the stock is potentially overvalued compared to earnings. Moreover, the company's net income is expected to drop this year, and analysts do not anticipate the company will be profitable this year, which may raise concerns about its near-term financial outlook.

Investors considering BRT Apartments Corp. as part of their portfolio may find additional insights with InvestingPro. There are currently 7 more InvestingPro Tips available that could further inform investment decisions. For those interested, a special offer is available: use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This offer could provide investors with a comprehensive set of tools and data to navigate the complexities of the market with more confidence.

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The next earnings date for BRT Apartments Corp. is set for May 6, 2024, which will provide further clarity on the company's financial trajectory and could potentially influence the stock's performance.

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