Brixmor Property Group Inc. $BRX Shares Bought by AlphaQuest LLC

AlphaQuest LLC grew its position in Brixmor Property Group Inc. (NYSE:BRX) by 406.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,793 shares of the real estate investment trust’s stock after purchasing an additional 50,383 shares during the quarter. AlphaQuest LLC’s holdings in Brixmor Property Group were worth $1,738,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its stake in Brixmor Property Group by 36.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,875 shares of the real estate investment trust’s stock valued at $1,090,000 after purchasing an additional 11,096 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Brixmor Property Group by 6.0% in the third quarter. Retirement Systems of Alabama now owns 1,057,592 shares of the real estate investment trust’s stock worth $29,274,000 after purchasing an additional 60,017 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Brixmor Property Group in the second quarter worth about $535,000. Westwood Holdings Group Inc. lifted its holdings in shares of Brixmor Property Group by 27.2% during the second quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust’s stock worth $15,081,000 after purchasing an additional 123,695 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in Brixmor Property Group in the third quarter valued at approximately $1,491,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 1.4%

Shares of BRX stock opened at $26.78 on Friday. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $28.61. The company has a market cap 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 debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a 50 day simple moving average of $26.00 and a 200-day simple moving average of $26.59.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BRX shares. Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. JPMorgan Chase & Co. raised their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price for the company. Finally, UBS Group increased their price target on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group currently 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.