QRG Capital Management Inc. Sells 502 Shares of Brixmor Property Group Inc. (NYSE:BRX)

QRG Capital Management Inc. lessened its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,261 shares of the real estate investment trust’s stock after selling 502 shares during the period. QRG Capital Management Inc.’s holdings in Brixmor Property Group were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Brixmor Property Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock valued at $156,473,000 after purchasing an additional 44,485 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Brixmor Property Group by 3.3% during 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 in the last quarter. Zurich Insurance Group Ltd FI grew its position in shares of 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 in the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Brixmor Property Group during the 3rd quarter valued at $46,695,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

NYSE BRX opened at $27.38 on Thursday. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.66 and a beta of 1.58. The company has a 50-day simple moving average of $26.92 and a two-hundred day simple moving average of $27.68. 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 12-month low of $20.80 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.20%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Evercore ISI upgraded 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 report on Tuesday, February 11th. Wells Fargo & Company cut 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 report on Wednesday, January 29th. Finally, BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.