Great Lakes Advisors LLC Has $3.81 Million Stake in Brixmor Property Group Inc. $BRX

Great Lakes Advisors LLC reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 12.1% during the third quarter, Holdings Channel.com reports. The firm owned 137,458 shares of the real estate investment trust’s stock after selling 18,976 shares during the quarter. Great Lakes Advisors LLC’s holdings in Brixmor Property Group were worth $3,805,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of Brixmor Property Group during the third quarter valued at about $28,000. Quent Capital LLC acquired a new position in Brixmor Property Group during the 3rd quarter valued at about $35,000. EverSource Wealth Advisors LLC increased its holdings in Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 557 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Brixmor Property Group by 16.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,510 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 503 shares during the last quarter. Finally, Virtus Investment Advisers LLC boosted its position in shares of Brixmor Property Group by 20.6% during the second quarter. Virtus Investment Advisers LLC now owns 6,598 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

BRX opened at $26.78 on Friday. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 2.34 and a beta of 1.09. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. The firm has a 50-day moving average price of $26.00 and a 200-day moving average price of $26.58. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $28.61.

Analyst Ratings Changes

BRX has been the subject of a number of analyst reports. Scotiabank lowered their price target on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. UBS Group upped their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company began coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $30.30.

Brixmor Property Group Company 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.