Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 39.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,023 shares of the real estate investment trust’s stock after acquiring an additional 14,458 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Brixmor Property Group were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BRX. Mariner LLC raised its position in shares of Brixmor Property Group by 11.9% during the 3rd quarter. Mariner LLC now owns 29,996 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 3,187 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Brixmor Property Group by 1.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust’s stock valued at $1,068,000 after purchasing an additional 606 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Brixmor Property Group by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust’s stock valued at $2,732,000 after purchasing an additional 670 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of Brixmor Property Group during the 3rd quarter worth about $310,000. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of Brixmor Property Group by 811.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 543,662 shares of the real estate investment trust’s stock worth $11,297,000 after buying an additional 484,045 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of analyst reports. Mizuho decreased their target price on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. The Goldman Sachs Group reduced their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Truist Financial restated a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. Wells Fargo & Company cut their price objective on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.13.

Brixmor Property Group Trading Down 1.6 %

BRX traded down $0.37 during trading on Monday, hitting $22.72. 709,641 shares of the company’s stock were exchanged, compared to its average volume of 2,399,625. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $24.47. The stock has a 50 day moving average price of $22.22 and a 200 day moving average price of $22.51. The firm has a market cap of $6.85 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.79 and a beta of 1.57. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The company had revenue of $320.24 million during the quarter, compared to analysts’ expectations of $314.82 million. During the same period last year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts expect that Brixmor Property Group Inc. will post 2.1 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 4.80%. The ex-dividend date is Tuesday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 117.21%.

Brixmor Property Group Profile

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 362 retail centers comprise approximately 64 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.