Brixmor Property Group Inc. (NYSE:BRX) Position Trimmed by Quest Partners LLC

Quest Partners LLC reduced its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 25.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 131,879 shares of the real estate investment trust’s stock after selling 45,555 shares during the quarter. Brixmor Property Group makes up 0.3% of Quest Partners LLC’s portfolio, making the stock its 22nd biggest position. Quest Partners LLC’s holdings in Brixmor Property Group were worth $3,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. PGGM Investments boosted its stake in Brixmor Property Group by 167.2% in the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after acquiring an additional 2,353,582 shares during the period. 1832 Asset Management L.P. acquired a new position in Brixmor Property Group during the 1st quarter valued at approximately $16,964,000. Boston Partners increased its position in Brixmor Property Group by 1,140.5% in the first quarter. Boston Partners now owns 545,367 shares of the real estate investment trust’s stock worth $12,774,000 after buying an additional 501,403 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Brixmor Property Group in the first quarter worth $124,978,000. Finally, Wolverine Asset Management LLC bought a new stake in Brixmor Property Group in the second quarter valued at $494,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRX has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their price target on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Evercore ISI increased their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company boosted their price target on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler reissued an “overweight” rating and set a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Brixmor Property Group Trading Up 0.5 %

Shares of BRX stock opened at $28.83 on Monday. The stock has a 50-day simple moving average of $27.80 and a 200 day simple moving average of $25.24. The stock has a market capitalization of $8.71 billion, a P/E ratio of 26.69, a P/E/G ratio of 3.93 and a beta of 1.57. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.19. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. During the same quarter last year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a $0.287 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.98%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.