Edgestream Partners L.P. Reduces Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Edgestream Partners L.P. reduced its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 73.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,964 shares of the real estate investment trust’s stock after selling 173,003 shares during the period. Edgestream Partners L.P.’s holdings in Brixmor Property Group were worth $1,697,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Glenmede Trust Co. NA boosted its holdings in shares of Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after acquiring an additional 26,000 shares during the last quarter. Vestcor Inc acquired a new position in shares of Brixmor Property Group in the 3rd quarter valued at $776,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Brixmor Property Group by 3.3% in the 3rd 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 purchasing an additional 159,388 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after purchasing an additional 12,593 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after purchasing an additional 36,823 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $26.32 on Tuesday. The firm has a 50-day simple moving average of $26.87 and a 200-day simple moving average of $27.69. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67.

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

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is 103.60%.

Analysts Set New Price Targets

BRX has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Mizuho decreased their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Truist Financial boosted their target price 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. Finally, Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group 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.