Alberta Investment Management Corp Lowers Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Alberta Investment Management Corp lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 75.0% during the 4th quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. Geode Capital Management LLC boosted its holdings in Brixmor Property Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock worth $156,473,000 after acquiring an additional 44,485 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $138,185,000 after purchasing an additional 159,388 shares in the last quarter. Zurich Insurance Group Ltd FI grew its position in Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after purchasing an additional 959,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Brixmor Property Group by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock valued at $65,900,000 after purchasing an additional 79,778 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Brixmor Property Group during the 3rd quarter valued at about $46,695,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $27.45 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $8.40 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.66 and a beta of 1.58. The firm’s 50 day moving average price is $26.98 and its 200-day moving average price is $27.52. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping 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%. Equities research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BRX. Stifel Nicolaus dropped their target price 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. KeyCorp upped their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on 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. Truist Financial upped their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.87.

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.