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

BRT Apartments Corp. Senior Vice President and Director Matthew J. Gould has increased his beneficial ownership in the company through recent stock purchases totaling 3,626 shares in early June.

Summary

• Matthew J. Gould, a Director, 10% Owner, and Senior Vice President of BRT Apartments Corp., reported changes in his beneficial ownership.
• On June 5, 2025, Gould Investors L.P., an entity where Mr. Gould is an officer of the managing general partner, acquired 3,026 shares of Common Stock at a weighted average price of $15.9284 per share.
• On June 6, 2025, Gould Investors L.P. further acquired 300 shares at $15.87 per share and another 300 shares at $15.975 per share.
• These transactions increased the total beneficial ownership attributed to Gould Investors L.P. to 3,974,169.9496 shares.
• Mr. Gould's total beneficial ownership, including direct holdings and indirect holdings through various trusts and entities, now stands at approximately 4,545,797.4966 shares.
• The reported share counts include shares acquired through the issuer's dividend reinvestment plan.

Sentiment

Score: 8

Explanation: The document reports significant insider buying by a key executive and major shareholder, which is a strong positive signal of confidence in the company's future performance and valuation.

Positives

• Significant insider buying by a key executive and director, Matthew J. Gould, signals confidence in the company's future prospects.
• The purchases were made at market prices, indicating a belief that the stock is currently undervalued or has strong growth potential.
• The continued accumulation of shares through various related entities, including Gould Investors L.P., reinforces a long-term commitment to the company.

Future Outlook

NA

Industry Context

This filing indicates an insider's confidence in BRT Apartments Corp., a REIT, which operates in the real estate sector. Insider buying can be a positive signal for investors, suggesting that those with intimate knowledge of the company believe its shares are a good investment, potentially reflecting positive internal developments or a favorable outlook for the real estate market.

Comparison to Industry Standards

• Insider buying, especially by high-level executives and significant shareholders, is generally viewed as a strong positive signal across all industries, including the REIT sector.
• While specific comparable companies or projects are not mentioned in this Form 4, the act of an insider increasing their stake suggests a belief that BRT Apartments Corp. is a compelling investment relative to its peers or the broader market.
• The weighted average price of $15.9284 and other purchase prices around $15.87-$15.975 indicate that the insider is buying at current market valuations, not at a discounted rate, further reinforcing confidence.

Related Party Transactions

• The transactions involve entities where Matthew J. Gould has a direct or indirect relationship, such as Gould Family Trust, Gould Shenfeld Family Foundation, BRT Apartments Corp. Pension Trust, 130 Store Company LLC, and Gould Investors L.P.
• Mr. Gould is a trustee of the Gould Family Trust, Gould Shenfeld Family Foundation, and BRT Apartments Corp. Pension Trust.
• He is a manager of 130 Store Company LLC.
• He is an officer of the managing general partner of Gould Investors L.P.
• These relationships mean the transactions are considered related-party dealings under SEC rules, as they involve entities controlled by or significantly influenced by the reporting person.

Stakeholder Impact

• Shareholders: Likely to view the insider buying as a positive indicator of management's confidence, potentially leading to increased investor interest and positive sentiment towards the stock.

Key Dates

Recommendation

Keywords

BRT Apartments Corp., BRT, Matthew J. Gould, insider trading, Form 4, stock purchase, beneficial ownership, real estate, REIT, dividend reinvestment plan