Kovitz Investment Group Partners LLC Takes Position in BRT Apartments Corp. (NYSE:BRT)

Kovitz Investment Group Partners LLC bought a new stake in shares of BRT Apartments Corp. (NYSE:BRT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 90,675 shares of the financial services provider's stock, valued at approximately $1,594,000. Kovitz Investment Group Partners LLC owned approximately 0.48% of BRT Apartments as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of BRT. Clear Creek Financial Management LLC lifted its position in shares of BRT Apartments by 4.7% in the second quarter. Clear Creek Financial Management LLC now owns 15,021 shares of the financial services provider's stock valued at $262,000 after acquiring an additional 680 shares in the last quarter. Wealth Alliance lifted its position in shares of BRT Apartments by 2.6% in the second quarter. Wealth Alliance now owns 27,146 shares of the financial services provider's stock valued at $474,000 after acquiring an additional 681 shares in the last quarter. ClariVest Asset Management LLC lifted its position in shares of BRT Apartments by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 44,767 shares of the financial services provider's stock valued at $782,000 after acquiring an additional 1,251 shares in the last quarter. State Street Corp lifted its position in shares of BRT Apartments by 0.6% in the third quarter. State Street Corp now owns 244,355 shares of the financial services provider's stock worth $4,356,000 after buying an additional 1,561 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of BRT Apartments in the second quarter worth about $28,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on BRT Apartments from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday.

BRT Apartments Trading Down 0.4 %

NYSE BRT traded down $0.07 during trading hours on Wednesday, hitting $19.08. 41,415 shares of the company were exchanged, compared to its average volume of 35,899. The stock has a 50-day moving average price of $18.17 and a 200 day moving average price of $18.03. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.31. BRT Apartments Corp. has a 52 week low of $15.21 and a 52 week high of $20.22. The stock has a market cap of $358.82 million, a PE ratio of -36.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

BRT Apartments (NYSE:BRT - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.47). BRT Apartments had a negative return on equity of 4.33% and a negative net margin of 9.94%. The company had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.80 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Analysts forecast that BRT Apartments Corp. will post 1.42 earnings per share for the current fiscal year.

BRT Apartments Profile

BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of December 31, 2023, BRT owns or has interests in 28 multi-family properties with 7,707 units in 11 states.