Jackson Creek Investment Advisors LLC Makes New $576,000 Investment in Brixmor Property Group Inc. (NYSE:BRX)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,698 shares of the real estate investment trust's stock, valued at approximately $576,000.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $46,695,000. Brookfield Corp ON bought a new stake in Brixmor Property Group in the 3rd quarter worth $38,051,000. Zurich Insurance Group Ltd FI raised its stake in shares of Brixmor Property Group by 44.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock valued at $86,499,000 after acquiring an additional 959,000 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Brixmor Property Group during the third quarter worth about $25,492,000. Finally, FMR LLC grew its stake in shares of Brixmor Property Group by 136.8% in the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust's stock worth $29,773,000 after purchasing an additional 617,341 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. KeyCorp increased their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Truist Financial upped their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, November 15th. 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 note on Tuesday, February 11th. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. 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, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.56.

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Brixmor Property Group Stock Performance

BRX traded up $0.18 during trading on Wednesday, hitting $25.98. The company's stock had a trading volume of 1,402,894 shares, compared to its average volume of 2,131,014. The business's 50 day simple moving average is $26.81 and its 200-day simple moving average is $27.68. The firm has a market cap of $7.95 billion, a PE ratio of 23.40, a P/E/G ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. 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 issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 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 predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.43%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is presently 103.60%.

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.