On November 15, 2024, Mitchell Gould, Executive Vice President of BRT Apartments Corp (BRT, Financial), sold 21,885 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 113,583 shares of BRT Apartments Corp.
BRT Apartments Corp is engaged in the ownership, operation, and development of multi-family properties. These properties are primarily located in the Southeast United States and Texas.
According to the filing, the shares were sold at a price of $18.77, valuing the transaction at approximately $411,263.95. This sale is part of a broader trend observed over the past year, where the insider has sold a total of 50,000 shares and made no purchases.
The insider transaction history for BRT Apartments Corp shows a pattern of more insider buys than sells over the past year, with 23 insider buys and 5 insider sells recorded.
Shares of BRT Apartments Corp were trading at $18.77 on the day of the sale, giving the company a market cap of $374.239 million. The stock is currently considered Modestly Undervalued with a price-to-GF Value ratio of 0.79, based on a GF Value of $23.65.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent insider sale might provide investors with insights into the insider's perspective on the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
