Versor Investments LP acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 21,400 shares of the real estate investment trust’s stock, valued at approximately $561,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC acquired a new stake in Brixmor Property Group during the third quarter worth about $35,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Brixmor Property Group during the fourth quarter worth about $42,000. Bayforest Capital Ltd acquired a new stake in Brixmor Property Group during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC increased its stake in shares of Brixmor Property Group by 43.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 557 shares during the period. Finally, Avalon Trust Co acquired a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 98.43% of the company’s stock.
Brixmor Property Group Trading Down 2.1%
Brixmor Property Group stock opened at $29.33 on Thursday. The firm has a 50 day simple moving average of $29.72 and a 200-day simple moving average of $27.84. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $9.00 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. Brixmor Property Group Inc. has a 12-month low of $24.38 and a 12-month high of $31.49.
Brixmor Property Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued a $0.3075 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio (DPR) is 85.42%.
Analyst Upgrades and Downgrades
BRX has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Scotiabank raised their price target on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research note on Tuesday, March 24th. Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Piper Sandler raised their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.18.
Brixmor Property Group Profile
Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.
The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.
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