Graham Capital Management L.P. grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 96.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,564 shares of the real estate investment trust’s stock after buying an additional 66,529 shares during the period. Graham Capital Management L.P.’s holdings in Brixmor Property Group were worth $3,554,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Brixmor Property Group by 17.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 398 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Brixmor Property Group by 2.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 465 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Brixmor Property Group by 96.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 495 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 buying an additional 557 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Brixmor Property Group by 24.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,978 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 583 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.
Brixmor Property Group Stock Down 0.9%
Shares of Brixmor Property Group stock opened at $31.73 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The business’s 50 day simple moving average is $30.41 and its 200-day simple moving average is $28.57. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.65 and a beta of 0.99. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.80.
Brixmor Property Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio is presently 85.42%.
Analyst Ratings Changes
BRX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Stifel Nicolaus increased their target price on Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Piper Sandler increased their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Wells Fargo & Company increased their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.
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.
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