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George Zweier, the Vice President and Chief Financial Officer of BRT Apartments Corp. (NYSE:BRT), recently sold shares in two separate transactions, according to a Form 4 filing with the Securities and Exchange Commission. The sales come as BRT trades at $17.56, with analysts setting price targets between $20-24, suggesting potential upside.
On March 25, Zweier sold 2,143 shares of common stock at a weighted average price of $18.0643 per share. The following day, March 26, he sold an additional 3,556 shares at a weighted average price of $18.0364 per share. These transactions collectively amounted to a total value of $102,849, with prices ranging from $18.01 to $18.15 per share. According to InvestingPro data, BRT currently offers a 5.63% dividend yield, though the company faces some profitability challenges with a Fair financial health rating.
Following these transactions, Zweier retains ownership of 117,241 shares of BRT Apartments Corp. stock. The sales were executed as part of regular trading activity, and the details of each transaction, including the number of shares and specific prices, are available upon request to the SEC, the issuer, or a security holder of the issuer. The company, with a market capitalization of $349 million, maintains a current ratio of 0.73, indicating potential liquidity considerations.
In other recent news, BRT Apartments Corp. has disclosed its latest financial results and operational information, following a series of meetings between its executive officers and analysts. The company has provided a supplemental financial information document as part of its current report under Form 8-K, ensuring all stakeholders have concurrent access to the data. Additionally, BRT Apartments Corp. declared a quarterly dividend of $0.25 per share, payable on April 4, 2025, to shareholders on record as of March 27, 2025. The company has also expanded its share repurchase program, now allowing for the repurchase of up to $10 million in shares through December 2026. This move is part of BRT’s ongoing capital allocation strategy and reflects the Board’s confidence in the company’s financial strength. The information regarding these developments was made available through press release statements and SEC filings.
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