Proficio Capital Partners LLC acquired a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,272 shares of the real estate investment trust's stock, valued at approximately $620,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at $26,000. Quarry LP grew 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 worth $38,000 after acquiring an additional 364 shares in the last quarter. UMB Bank n.a. increased its position in Brixmor Property Group by 73.5% during the 4th 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 period. Venturi Wealth Management LLC raised its holdings in shares of 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 valued at $54,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Brixmor Property Group by 29.5% in the 4th quarter. Blue Trust Inc. now owns 3,683 shares of the real estate investment trust's stock worth $103,000 after purchasing an additional 839 shares during the period. Institutional investors own 98.43% of the company's stock.
Brixmor Property Group Stock Performance
Shares of NYSE BRX traded down $0.74 during mid-day trading on Thursday, hitting $25.24. The stock had a trading volume of 1,541,072 shares, compared to its average volume of 2,131,032. The firm has a market cap of $7.72 billion, a PE ratio of 22.74, a PEG ratio of 2.66 and a beta of 1.59. 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 company has a 50 day moving average of $26.77 and a two-hundred day moving average of $27.66. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67.
Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating 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%. Research 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, April 2nd. 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
A number of equities analysts recently commented on BRX shares. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Tuesday, February 11th. Scotiabank decreased their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Mizuho cut their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Finally, BMO Capital Markets upgraded shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.56.
Check Out Our Latest Stock Analysis on BRX
Brixmor Property Group Company Profile
(
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.
See Also
Before you consider Brixmor Property Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brixmor Property Group wasn't on the list.
While Brixmor Property Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
