Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 191,006 shares of the real estate investment trust’s stock, valued at approximately $4,445,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of Brixmor Property Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRX. Pathstone Family Office LLC lifted its stake in Brixmor Property Group by 70.7% in the 3rd quarter. Pathstone Family Office LLC now owns 23,684 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 9,810 shares in the last quarter. Citigroup Inc. lifted its stake in Brixmor Property Group by 45.5% in the 3rd quarter. Citigroup Inc. now owns 139,892 shares of the real estate investment trust’s stock worth $2,907,000 after purchasing an additional 43,767 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Brixmor Property Group by 86.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 136,678 shares of the real estate investment trust’s stock worth $2,822,000 after purchasing an additional 63,340 shares in the last quarter. QRG Capital Management Inc. purchased a new position in Brixmor Property Group in the 3rd quarter worth approximately $228,000. Finally, Invesco Ltd. lifted its stake in Brixmor Property Group by 22.8% in the 3rd quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust’s stock worth $144,004,000 after purchasing an additional 1,288,656 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRX. The Goldman Sachs Group cut their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Truist Financial reiterated a “buy” rating and issued a $25.00 target price on shares of Brixmor Property Group in a report on Monday, March 25th. JPMorgan Chase & Co. dropped their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 28th. Finally, Mizuho dropped their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and an average target price of $25.13.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $22.30 on Wednesday. The stock has a market cap of $6.72 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 2.70 and a beta of 1.55. The company has a fifty day simple moving average of $22.02 and a 200-day simple moving average of $22.52. Brixmor Property Group Inc. has a 12-month low of $19.46 and a 12-month high of $24.47. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). The firm had revenue of $320.24 million for the quarter, compared to analysts’ expectations of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. Brixmor Property Group’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.50 earnings per share. Equities analysts expect that Brixmor Property Group Inc. will post 2.1 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.2725 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $1.09 annualized dividend and a dividend yield of 4.89%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.21%.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.