Edgestream Partners L.P. Decreases Position in Brixmor Property Group Inc. (NYSE:BRX)

Edgestream Partners L.P. decreased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 73.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,964 shares of the real estate investment trust's stock after selling 173,003 shares during the period. Edgestream Partners L.P.'s holdings in Brixmor Property Group were worth $1,697,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its stake 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 buying an additional 26,000 shares during the last quarter. Vestcor Inc purchased a new stake in Brixmor Property Group in the 3rd quarter valued at about $776,000. Charles Schwab Investment Management Inc. increased its stake in Brixmor Property Group by 3.3% in the 3rd 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 buying an additional 159,388 shares during the last quarter. Park Avenue Securities LLC increased its stake in 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 valued at $720,000 after buying an additional 12,593 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust's stock valued at $4,108,000 after buying an additional 36,823 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Brixmor Property Group Price Performance

NYSE:BRX traded down $0.74 during trading hours on Thursday, hitting $25.24. The stock had a trading volume of 2,014,448 shares, compared to its average volume of 2,124,154. The company has a 50 day simple moving average of $26.77 and a two-hundred day simple moving average of $27.66. 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 Inc. has a one year low of $20.80 and a one year 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.

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 EPS for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share 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. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's payout ratio is currently 103.60%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BRX shares. Mizuho decreased 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 note on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Evercore ISI upgraded 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. 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. Finally, Truist Financial raised 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 note on Friday, November 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.56.

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.