Lecap Asset Management Ltd. Trims Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Lecap Asset Management Ltd. lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,054 shares of the real estate investment trust's stock after selling 17,921 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Brixmor Property Group were worth $1,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Captrust Financial Advisors acquired a new position in Brixmor Property Group in the 3rd quarter worth approximately $46,695,000. Brookfield Corp ON purchased a new stake in shares of Brixmor Property Group in the 3rd quarter valued at $38,051,000. Zurich Insurance Group Ltd FI increased its stake in shares of Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock worth $86,499,000 after acquiring an additional 959,000 shares during the period. Lord Abbett & CO. LLC acquired a new position in Brixmor Property Group during the third quarter valued at $25,492,000. Finally, FMR LLC boosted its holdings in 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 valued at $29,773,000 after purchasing an additional 617,341 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

BRX traded up $1.09 during midday trading on Tuesday, hitting $27.27. 4,403,301 shares of the company traded hands, compared to its average volume of 2,498,533. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 2.54 and a beta of 1.58. The business has a 50 day simple moving average of $27.23 and a two-hundred day simple moving average of $27.44. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data 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 11.48% and a net margin of 25.81%. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company 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 $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.22%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is currently 106.48%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BRX shares. Scotiabank lifted their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Stifel Nicolaus reduced their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday. KeyCorp boosted their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Truist Financial raised their price objective 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. Finally, Wells Fargo & Company decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.69.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.76% of the stock is currently owned by insiders.

About Brixmor Property Group

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.