Form 4: BRT Apartments Corp. Senior VP Matthew Gould Boosts Stake with Significant Stock Purchases

Matthew J. Gould, Senior Vice President and Director of BRT Apartments Corp., has increased his indirect beneficial ownership in the company through a series of common stock purchases in late May 2025.

Summary

• Matthew J. Gould, a Director and Senior Vice President of BRT Apartments Corp., reported several purchases of the company's common stock in May 2025.
• On May 23, 2025, 7,500 shares were acquired at a weighted average price of $15.4527 per share.
• On May 27, 2025, an additional 4,360 shares were purchased at a weighted average price of $15.5816 per share.
• On May 28, 2025, another 7,500 shares were acquired at a weighted average price of $15.6518 per share.
• All these transactions, totaling 19,360 shares, were indirect acquisitions through Gould Investors L.P., an entity where Mr. Gould is an officer of the managing general partner.
• Following these transactions, Gould Investors L.P. beneficially owns 3,963,043.9496 shares of BRT Common Stock.
• Mr. Gould also directly owns 496,379.498 shares and indirectly owns shares through other entities including Gould Family Trust (0.575 shares), Gould Shenfeld Family Foundation (24,508.303 shares), BRT Apartments Corp. Pension Trust (20,874 shares), and 130 Store Company LLC (29,795.171 shares).
• The reported prices reflect weighted averages of multiple trades within the specified ranges for each transaction date.

Sentiment

Score: 8

Explanation: The sentiment is positive due to significant insider buying by a senior executive and director, indicating strong confidence in the company's valuation and future prospects.

Positives

• Matthew J. Gould, a key insider (Director and Senior Vice President), increased his beneficial ownership in BRT Apartments Corp. by purchasing 19,360 shares of common stock.
• Insider buying signals management's confidence in the company's current valuation and future prospects, often viewed positively by the market.
• The purchases were made at prices ranging from $15.24 to $15.82, indicating a belief that the stock is undervalued or poised for growth at these levels.

Future Outlook

This Form 4 filing reports past insider transactions and does not provide forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Insider buying in a Real Estate Investment Trust (REIT) like BRT Apartments Corp. can be interpreted as a positive signal, suggesting that management believes in the strength of the company's real estate portfolio and its ability to perform well within the current or anticipated market conditions for residential properties.

Related Party Transactions

• The reported stock purchases were made by Gould Investors L.P., an entity where the reporting person, Matthew J. Gould, is an officer of the managing general partner. This constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the insider purchases as a strong vote of confidence from management, potentially leading to increased investor interest and positive sentiment towards the stock.
• Employees and other stakeholders might perceive this as a sign of stability and positive internal outlook for the company's future.

Key Dates

Recommendation

Keywords

BRT Apartments Corp., BRT, Matthew J. Gould, Insider Trading, Form 4, Stock Purchase, Beneficial Ownership, Real Estate, REIT, Apartments