Alberta Investment Management Corp Sells 312,033 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Alberta Investment Management Corp trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 75.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,223 shares of the real estate investment trust's stock after selling 312,033 shares during the quarter. Alberta Investment Management Corp's holdings in Brixmor Property Group were worth $2,902,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Glenmede Trust Co. NA increased its holdings in Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust's stock valued at $1,050,000 after acquiring an additional 26,000 shares during the last quarter. Vestcor Inc purchased a new position in shares of Brixmor Property Group during the third quarter worth approximately $776,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Brixmor Property Group by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock valued at $138,185,000 after acquiring an additional 159,388 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock worth $720,000 after acquiring an additional 12,593 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust's stock valued at $4,108,000 after acquiring an additional 36,823 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded down $0.18 during trading on Friday, reaching $27.29. 1,921,680 shares of the company's stock traded hands, compared to its average volume of 2,619,697. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day moving average of $26.95 and a 200-day moving average of $27.54. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The stock has a market capitalization of $8.35 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio is presently 103.60%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BRX. Scotiabank raised their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. BMO Capital Markets raised shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Wells Fargo & Company lowered their price target on Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Mizuho lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Truist Financial increased their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.87.

Brixmor Property Group 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.