Jackson Creek Investment Advisors LLC Invests $576,000 in Brixmor Property Group Inc. (NYSE:BRX)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,698 shares of the real estate investment trust’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Glenmede Trust Co. NA boosted its position in shares of Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after acquiring an additional 26,000 shares during the last quarter. Vestcor Inc acquired a new position in Brixmor Property Group during the third quarter valued at approximately $776,000. Charles Schwab Investment Management Inc. lifted its position in Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after buying an additional 159,388 shares in the last quarter. Park Avenue Securities LLC lifted its position in Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 12,593 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in Brixmor Property Group by 33.3% during the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 36,823 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BRX. Truist Financial lifted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp lifted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group Stock Performance

Shares of BRX opened at $26.68 on Friday. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a fifty day moving average of $26.87 and a 200-day moving average of $27.68.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.31%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is presently 103.60%.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.