BRT Apartments director Alan Ginsburg’s foundation sells $673,232 in stock

The charitable foundation chaired by BRT Apartments Corp. director Alan H. Ginsburg sold 50,129 shares of the company's common stock for $673,232 on October 16, 2026. The stock was trading near its 52-week low of $13.09 at the time of the transaction, currently priced at $13.36. Ginsburg, who is the chairman of the foundation, also donated the same number of shares to the same foundation on the same date, valued at $13.43 per share.

Ginsburg, who is the chairman of the board of the foundation, disclaims any beneficial or pecuniary interest in the foundation's shares. BRT Apartments offers a dividend yield of 7.64%, appealing to income-focused investors. For a detailed analysis of BRT's valuation and performance, InvestingPro provides exclusive tips and comprehensive Pro Research Reports on over 1,400 US equities.

Recently, BRT Apartments reported better-than-expected second-quarter fiscal 2026 results, with Core Funds From Operations of $0.30 per share, exceeding estimates of $0.28 per share. Adjusted Funds From Operations per share stood at $0.36, slightly above the forecasted $0.35. This success was largely attributed to strong performance in the Joint Venture portfolio.

In response, Citizens has maintained its Market Outperform rating for BRT Apartments and set a price target of $20.00.