Greenland Capital Management LP lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 81.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,589 shares of the real estate investment trust's stock after selling 280,411 shares during the period. Greenland Capital Management LP's holdings in Brixmor Property Group were worth $1,798,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Brixmor Property Group in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC increased its position in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $26,000. Quarry LP raised its stake in Brixmor Property Group by 36.3% in the third 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 in the last quarter. Finally, UMB Bank n.a. lifted its position in Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 693 shares during the last quarter. Institutional investors own 98.43% of the company's stock.
Brixmor Property Group Trading Up 1.6 %
Shares of NYSE BRX traded up $0.39 during mid-day trading on Friday, hitting $24.44. The stock had a trading volume of 1,423,225 shares, compared to its average volume of 2,212,977. The business has a 50 day moving average price of $26.25 and a two-hundred day moving average price of $27.29. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. 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 firm has a market cap of $7.48 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.
Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.
Brixmor Property Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.71%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of 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. Scotiabank lowered their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus dropped their price target on 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 objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price objective for the company 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 assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.48.
Get Our Latest Stock Analysis on BRX
About Brixmor Property Group
(
Free Report)
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.
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