Benzinga - by Benzinga Insights, Benzinga Staff Writer.
A significant insider buy by Matthew J Gould, Senior Vice President at BRT Apartments (NYSE:BRT), was executed on April 17, and reported in the recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday unveiled that Gould made a notable purchase of 36,912 shares of BRT Apartments, valuing at $625,469.
As of Thursday morning, BRT Apartments shares are down by 0.0%, currently priced at $16.52.
Get to Know BRT Apartments Better BRT Apartments Corp is a real estate investment trust company. The company is primarily focused on the ownership, operation, and development of multi-family properties. BRT also owns and operates other real estate assets. All of the Company's assets are comprised of multi-family real estate assets generally leased to tenants on a one-year basis.
BRT Apartments's Economic Impact: An Analysis Revenue Growth: BRT Apartments's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 3.51%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Exploring Profitability:
- Gross Margin: The company faces challenges with a low gross margin of 56.37%, suggesting potential difficulties in cost control and profitability compared to its peers.
- Earnings per Share (EPS): BRT Apartments's EPS reflects a decline, falling below the industry average with a current EPS of -0.14.
Valuation Metrics: A Closer Look
- Price to Earnings (P/E) Ratio: BRT Apartments's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 103.25.
- Price to Sales (P/S) Ratio: With a P/S ratio of 3.17 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): BRT Apartments's EV/EBITDA ratio, surpassing industry averages at 13.23, positions it with an above-average valuation in the market.
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The Importance of Insider Transactions Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
Deciphering Transaction Codes in Insider Filings Delving into transactions, investors typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of BRT Apartments's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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