Smartleaf Asset Management LLC Increases Stake in Brixmor Property Group Inc. (NYSE:BRX)

Smartleaf Asset Management LLC grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 124.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 938 shares of the real estate investment trust’s stock after buying an additional 521 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Brixmor Property Group were worth $26,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BRX. Captrust Financial Advisors purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $46,695,000. Brookfield Corp ON purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $38,051,000. Zurich Insurance Group Ltd FI boosted 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 valued at $86,499,000 after buying an additional 959,000 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $25,492,000. Finally, FMR LLC boosted 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 valued at $29,773,000 after buying an additional 617,341 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.7 %

BRX opened at $25.98 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The business’s fifty day moving average is $26.81 and its two-hundred day moving average is $27.68. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given 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 dividend yield of 4.43%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Mizuho decreased their price target 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. Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company decreased their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

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.