Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 124.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 938 shares of the real estate investment trust’s stock after purchasing an additional 521 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Brixmor Property Group were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Brixmor Property Group in the 3rd quarter worth $46,695,000. Brookfield Corp ON acquired a new stake in shares of Brixmor Property Group in the 3rd quarter worth $38,051,000. Zurich Insurance Group Ltd FI increased its stake in shares of Brixmor Property Group by 44.7% in the 3rd 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 last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Brixmor Property Group in the 3rd quarter worth $25,492,000. Finally, FMR LLC increased its stake in shares of Brixmor Property Group by 136.8% in the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock worth $29,773,000 after acquiring an additional 617,341 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BRX. Wells Fargo & Company cut their target price on 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. Evercore ISI raised 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 raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, Scotiabank cut 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 report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $25.98 on Thursday. The business has a 50-day moving average of $26.81 and a 200 day moving average of $27.68. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS 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%. As a group, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company 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 dividend on an annualized basis and a yield of 4.43%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Brixmor Property Group Company 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.