BROOKFIELD Corp ON Trims Stake in Brixmor Property Group Inc. (NYSE:BRX)

BROOKFIELD Corp ON lessened its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,237,861 shares of the real estate investment trust’s stock after selling 127,931 shares during the period. BROOKFIELD Corp ON’s holdings in Brixmor Property Group were worth $34,462,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group during the 4th quarter valued at $26,000. Headlands Technologies LLC bought a new stake in shares of Brixmor Property Group during the fourth quarter worth $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 521 shares during the period. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Quarry LP increased its stake in Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 533 shares during the period. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BRX shares. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Scotiabank decreased their target price on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company dropped their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group Price Performance

NYSE:BRX opened at $25.33 on Tuesday. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The stock has a market cap of $7.75 billion, a PE ratio of 22.82, a P/E/G ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average price of $25.68 and a 200 day moving average price of $27.06.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.54%. Brixmor Property Group’s dividend payout ratio (DPR) is 109.52%.

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.