Rhumbline Advisers lowered its position in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 830,519 shares of the real estate investment trust's stock after selling 3,628 shares during the period. Rhumbline Advisers owned 0.28% of Brixmor Property Group worth $21,436,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc acquired a new position in Brixmor Property Group during the first quarter valued at approximately $43,000. Meeder Asset Management Inc. grew its holdings in Brixmor Property Group by 47,125.0% during the first quarter. Meeder Asset Management Inc. now owns 1,889 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,885 shares during the last quarter. Ellevest Inc. grew its holdings in Brixmor Property Group by 205.5% during the first quarter. Ellevest Inc. now owns 1,894 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,274 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Brixmor Property Group during the first quarter valued at approximately $57,000. Finally, Cerity Partners LLC acquired a new position in Brixmor Property Group during the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 97.35% of the company's stock.
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Brixmor Property Group stock opened at $22.23 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a fifty day moving average price of $21.98 and a two-hundred day moving average price of $23.40. Brixmor Property Group Inc. has a 52-week low of $19.42 and a 52-week high of $27.19. The firm has a market capitalization of $6.66 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.53 and a beta of 1.55.
Brixmor Property Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, October 4th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.96 annualized dividend and a yield of 4.32%. Brixmor Property Group's dividend payout ratio is currently 98.97%.Wall Street Analysts Forecast Growth
BRX has been the subject of several research reports. TheStreet cut Brixmor Property Group from a "b-" rating to a "c+" rating in a research report on Monday, May 23rd. Jefferies Financial Group cut Brixmor Property Group from a "hold" rating to an "underperform" rating and reduced their price objective for the company from $29.00 to $20.00 in a research report on Thursday, June 30th. Truist Financial reduced their price objective on Brixmor Property Group from $29.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, June 21st. Credit Suisse Group initiated coverage on Brixmor Property Group in a research report on Wednesday, June 22nd. They issued an "outperform" rating and a $23.00 price objective for the company. Finally, StockNews.com cut Brixmor Property Group from a "buy" rating to a "hold" rating in a research report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $24.97.
Brixmor Property Group Company Profile
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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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