Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,765 shares of the real estate investment trust's stock after selling 13,114 shares during the period. Brixmor Property Group makes up approximately 0.4% of AlphaQuest LLC's portfolio, making the stock its 9th biggest holding. AlphaQuest LLC's holdings in Brixmor Property Group were worth $3,306,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 521 shares during the last quarter. Quarry LP increased its holdings in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 364 shares during the period. UMB Bank n.a. lifted its holdings in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after buying an additional 693 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,140 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

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Brixmor Property Group Trading Down 2.8 %

NYSE BRX traded down $0.74 on Thursday, reaching $25.24. The stock had a trading volume of 2,014,448 shares, compared to its average volume of 2,131,043. The stock has a fifty day moving average price of $26.77 and a two-hundred day moving average price of $27.66. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.56%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BRX shares. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Mizuho reduced their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.56.

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.