Inspire Advisors LLC Sells 465 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Inspire Advisors LLC decreased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,313 shares of the real estate investment trust’s stock after selling 465 shares during the period. Inspire Advisors LLC’s holdings in Brixmor Property Group were worth $231,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Quarry LP raised its position in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares during the period. US Bancorp DE raised its position in shares of Brixmor Property Group by 5.3% in the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Brixmor Property Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock valued at $1,710,000 after purchasing an additional 434 shares during the period. Janney Montgomery Scott LLC grew its stake in Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 441 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 511 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $25.98 on Thursday. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. The company has a fifty day moving average of $26.81 and a 200-day moving average of $27.68. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last posted its quarterly 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%. Equities research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Analyst Ratings Changes

Several brokerages recently commented on BRX. Mizuho reduced their price objective 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. Truist Financial boosted 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. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Evercore ISI raised 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 research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

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.