Brixmor Property Group Inc. $BRX Stock: Peak Financial Advisors LLC Raises Position

Peak Financial Advisors LLC raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 29.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,735 shares of the real estate investment trust’s stock after purchasing an additional 32,135 shares during the period. Brixmor Property Group comprises 1.7% of Peak Financial Advisors LLC’s holdings, making the stock its 16th largest position. Peak Financial Advisors LLC’s holdings in Brixmor Property Group were worth $3,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in Brixmor Property Group in the 2nd quarter worth $2,841,000. Y Intercept Hong Kong Ltd purchased a new position in Brixmor Property Group during the first quarter valued at $1,443,000. Hsbc Holdings PLC lifted its holdings in Brixmor Property Group by 77.3% during the fourth quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust’s stock valued at $21,575,000 after purchasing an additional 359,006 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Brixmor Property Group by 9.5% during the first quarter. Quantinno Capital Management LP now owns 526,680 shares of the real estate investment trust’s stock valued at $15,168,000 after purchasing an additional 45,809 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after purchasing an additional 4,518,001 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BRX shares. Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $32.00 to $30.50 and set a “hold” rating for the company in a research report on Tuesday. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Truist Financial initiated coverage on Brixmor Property Group in a research note on Friday, October 2nd. They set a “buy” rating and a $31.00 price objective for the company. Piper Sandler reduced their target price on Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, Mizuho reduced their target price on Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.14.

Brixmor Property Group Trading Down 0.1%

Shares of Brixmor Property Group stock opened at $29.13 on Friday. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.25 and a beta of 0.97. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.86. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.81. The stock has a 50 day moving average of $28.24 and a 200 day moving average of $29.52.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.31). Brixmor Property Group had a return on equity of 14.10% and a net margin of 29.96%. The business had revenue of $359.60 million for the quarter, compared to analyst estimates of $357.28 million. During the same period last year, the business earned $0.56 EPS. Brixmor Property Group’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.37 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, January 5th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, January 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.3075. Brixmor Property Group’s dividend payout ratio (DPR) is currently 89.78%.

Brixmor Property Group Profile

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.