Blue Trust Inc. Has $36,000 Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Blue Trust Inc. reduced its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 54.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,303 shares of the real estate investment trust’s stock after selling 1,541 shares during the quarter. Blue Trust Inc.’s holdings in Brixmor Property Group were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BRX. Captrust Financial Advisors bought a new position in Brixmor Property Group in the 3rd quarter valued at about $46,695,000. Brookfield Corp ON bought a new stake in Brixmor Property Group during the 3rd quarter worth approximately $38,051,000. Zurich Insurance Group Ltd FI raised its stake in shares of Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock worth $86,499,000 after purchasing an additional 959,000 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Brixmor Property Group in the third quarter worth approximately $25,492,000. Finally, FMR LLC lifted its holdings in shares of Brixmor Property Group by 136.8% in the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock valued at $29,773,000 after purchasing an additional 617,341 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BRX. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. KeyCorp upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Mizuho dropped their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Finally, Scotiabank increased 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 note on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.59 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 2.66 and a beta of 1.58. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The firm’s 50-day simple moving average is $26.90 and its two-hundred day simple moving average is $27.60.

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, topping 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%. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share 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. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

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.