35,353 Shares in Brixmor Property Group Inc. (NYSE:BRX) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,353 shares of the real estate investment trust’s stock, valued at approximately $823,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BRX. Quarry LP acquired a new position in shares of Brixmor Property Group during the 4th quarter worth about $40,000. GAMMA Investing LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth about $45,000. Versor Investments LP acquired a new position in shares of Brixmor Property Group during the 4th quarter worth about $212,000. QRG Capital Management Inc. acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth about $228,000. Finally, Vanderbilt University acquired a new position in shares of Brixmor Property Group during the 4th quarter worth about $265,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BRX shares. Wells Fargo & Company lowered their price objective on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 28th. Mizuho reduced their target price on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Truist Financial reissued a “buy” rating and issued a $25.00 target price on shares of Brixmor Property Group in a report on Monday, March 25th. The Goldman Sachs Group reduced their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. reduced their target price on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.13.

Brixmor Property Group Stock Up 0.3 %

BRX opened at $22.56 on Friday. The business has a 50 day moving average price of $22.07 and a two-hundred day moving average price of $22.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. The company has a market cap of $6.80 billion, a PE ratio of 24.25, a P/E/G ratio of 2.70 and a beta of 1.55. Brixmor Property Group Inc. has a 52 week low of $19.46 and a 52 week high of $24.47.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.22). The company had revenue of $320.24 million for the quarter, compared to analysts’ expectations of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.1 EPS for the current year.

Brixmor Property Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Tuesday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 117.20%.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.