BlackRock Inc. grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 10.5% during the fourth quarter, Holdings Channel reports. The firm owned 36,886,903 shares of the real estate investment trust’s stock after acquiring an additional 3,497,092 shares during the quarter. BlackRock Inc. owned approximately 0.12% of Brixmor Property Group worth $610,479,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. CI Investments Inc. acquired a new stake in shares of Brixmor Property Group in the third quarter valued at $31,000. Neo Ivy Capital Management raised its stake in shares of Brixmor Property Group by 471.0% in the third quarter. Neo Ivy Capital Management now owns 7,166 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 5,911 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Brixmor Property Group by 155.6% in the third quarter. Acadian Asset Management LLC now owns 8,942 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 5,444 shares in the last quarter. Wolverine Trading LLC acquired a new stake in shares of Brixmor Property Group in the third quarter valued at $130,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Brixmor Property Group by 21.6% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 16,300 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors own 98.38% of the company’s stock.
Several analysts have recently issued reports on the company. TheStreet upgraded Brixmor Property Group from a “d+” rating to a “c-” rating in a research note on Thursday, November 12th. Wells Fargo & Company cut Brixmor Property Group from an “overweight” rating to an “equal weight” rating and set a $17.00 price objective on the stock. in a research note on Thursday, December 10th. Bank of America upgraded Brixmor Property Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $17.00 to $18.50 in a research note on Tuesday, January 19th. Truist Financial increased their target price on Brixmor Property Group from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, December 31st. Finally, Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Thursday, February 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.82.
Shares of BRX stock opened at $20.16 on Tuesday. The stock’s 50-day moving average is $17.50 and its two-hundred day moving average is $14.52. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 38.04 and a beta of 1.63. Brixmor Property Group Inc. has a 1 year low of $7.51 and a 1 year high of $20.39. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.97 and a current ratio of 1.97.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Wednesday, February 10th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.25). Brixmor Property Group had a return on equity of 6.07% and a net margin of 14.75%. As a group, research analysts predict that Brixmor Property Group Inc. will post 1.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Monday, April 5th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Thursday, April 1st. Brixmor Property Group’s payout ratio is 45.03%.
About Brixmor Property Group
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 395 retail centers comprise approximately 69 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.
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