AlphaQuest LLC Decreases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

AlphaQuest LLC trimmed its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,765 shares of the real estate investment trust’s stock after selling 13,114 shares during the quarter. Brixmor Property Group accounts for about 0.4% of AlphaQuest LLC’s holdings, making the stock its 9th largest position. AlphaQuest LLC’s holdings in Brixmor Property Group were worth $3,306,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jackson Creek Investment Advisors LLC purchased a new position in Brixmor Property Group during the fourth quarter worth about $576,000. Raymond James Financial Inc. purchased a new position in Brixmor Property Group during the fourth quarter worth about $5,549,000. Cullen Frost Bankers Inc. grew its position in Brixmor Property Group by 279.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 3,285 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,419 shares in the last quarter. Arizona State Retirement System grew its position in Brixmor Property Group by 0.8% during the fourth quarter. Arizona State Retirement System now owns 87,456 shares of the real estate investment trust’s stock worth $2,435,000 after buying an additional 698 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Brixmor Property Group during the fourth quarter worth about $620,000. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BRX. Truist Financial boosted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Scotiabank cut their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Finally, Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus target price of $30.56.

Brixmor Property Group Trading Down 0.2 %

Shares of BRX stock opened at $26.68 on Friday. The stock has a market capitalization of $8.16 billion, a PE ratio of 24.04, a P/E/G ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The business has a 50-day moving average of $26.87 and a 200 day moving average of $27.68. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.31%. Brixmor Property Group’s dividend payout ratio is presently 103.60%.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.