Form 4: BRT Apartments CEO Jeffrey Gould Boosts Stake with Significant Stock Purchases

Jeffrey Gould, President and CEO of BRT Apartments Corp., has increased his beneficial ownership in the company through multiple common stock purchases totaling 19,360 shares in late May 2025.

Summary

• Jeffrey Gould, who serves as Director, 10% Owner, and President and CEO of BRT Apartments Corp. (BRT), reported several common stock purchases.
• On May 23, 2025, Mr. Gould indirectly acquired 7,500 shares of common stock at a weighted average price of $15.4527 per share through Gould Investors L.P.
• On May 27, 2025, an additional 4,360 shares were indirectly purchased at a weighted average price of $15.5816 per share, also through Gould Investors L.P.
• A further 7,500 shares were indirectly acquired on May 28, 2025, at a weighted average price of $15.6518 per share, again through Gould Investors L.P.
• These transactions collectively represent an acquisition of 19,360 shares of BRT common stock.
• Following these transactions, Mr. Gould's indirect beneficial ownership through Gould Investors L.P. increased to 3,963,043.9496 shares.
• His other beneficial holdings include 526,354.669 shares held directly, 24,508.303 shares indirectly through Gould Shenfeld Family Foundation, 0.575 shares indirectly through Gould Family Trust, and 29,795.171 shares indirectly through 130 Store Company LLC.
• All reported share counts include shares obtained through the issuer's dividend reinvestment plan.
• Mr. Gould disclaims beneficial ownership of securities held by 130 Store Company LLC and Gould Investors L.P. to the extent he does not have a pecuniary interest therein.

Sentiment

Score: 7

Explanation: The sentiment is positive due to significant insider buying by the President and CEO, indicating strong management confidence in the company's value and future performance.

Positives

• The President and CEO, Jeffrey Gould, increasing his stake in BRT Apartments Corp. through open market purchases signals strong confidence in the company's current valuation and future prospects.
• Insider buying can often be interpreted by the market as a positive indicator, suggesting that management believes the stock is undervalued or expects positive developments.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Management Comments

• Jeffrey Gould's decision to purchase additional shares of BRT Apartments Corp. common stock can be interpreted as a strong vote of confidence in the company's intrinsic value and future prospects.

Industry Context

BRT Apartments Corp. operates as a real estate investment trust (REIT) primarily focused on multi-family properties. Insider buying within a REIT can signal management's belief in the stability and growth potential of their specific property portfolio and the broader real estate market, particularly in the apartment sector.

Related Party Transactions

• The reported transactions involve Jeffrey Gould, a Director, 10% Owner, and President and CEO of BRT Apartments Corp., purchasing shares of the company's common stock, which are inherently related-party transactions.
• A significant portion of Mr. Gould's beneficial ownership, including the shares acquired in these transactions, is held indirectly through Gould Investors L.P., an entity where Mr. Gould is an officer of the managing general partner.
• Other indirect holdings are through the Gould Shenfeld Family Foundation (where Mr. Gould is a director), the Gould Family Trust (where Mr. Gould is a trustee), and 130 Store Company LLC (where Mr. Gould is a manager).

Stakeholder Impact

• Shareholders may view the insider purchases as a positive signal, potentially increasing investor confidence and demand for the stock.
• The increased alignment of management's interests with shareholders through direct stock ownership could be seen favorably by investors.

Key Dates

Keywords

BRT Apartments Corp., BRT, Jeffrey Gould, Insider Trading, Form 4, Stock Purchase, Beneficial Ownership, Real Estate Investment Trust, REIT, Apartment REIT