Alberta Investment Management Corp Cuts Stake in Brixmor Property Group Inc. (NYSE:BRX)

Alberta Investment Management Corp cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,223 shares of the real estate investment trust’s stock after selling 312,033 shares during the quarter. Alberta Investment Management Corp’s holdings in Brixmor Property Group were worth $2,902,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at $26,000. Quarry LP grew its stake in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 364 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 693 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,140 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Brixmor Property Group by 103.7% in the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,448 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BRX. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Truist Financial raised their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. KeyCorp raised their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Scotiabank boosted their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.87.

Brixmor Property Group Price Performance

BRX stock opened at $27.45 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The firm has a 50-day moving average of $26.98 and a 200 day moving average of $27.52. The company has a market cap of $8.40 billion, a P/E ratio of 24.73, a PEG ratio of 2.66 and a beta of 1.58.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.19%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

About Brixmor Property Group

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.