Brixmor Property Group Inc. (NYSE:BRX) Stock Holdings Lifted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 26.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,039 shares of the real estate investment trust’s stock after acquiring an additional 12,700 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Brixmor Property Group were worth $1,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Brixmor Property Group by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock worth $1,070,794,000 after purchasing an additional 165,572 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Brixmor Property Group by 37.4% in the second quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust’s stock worth $169,131,000 after acquiring an additional 1,995,299 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Brixmor Property Group by 35.5% during the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock valued at $132,443,000 after acquiring an additional 1,501,282 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Brixmor Property Group by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust’s stock valued at $110,940,000 after acquiring an additional 396,242 shares in the last quarter. Finally, PGGM Investments boosted its stake in Brixmor Property Group by 167.2% in the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after purchasing an additional 2,353,582 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.3 %

Brixmor Property Group stock opened at $28.83 on Thursday. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $29.19. The company’s fifty day moving average price is $27.73 and its two-hundred day moving average price is $25.13. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.92 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.98%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s payout ratio is presently 106.48%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus raised their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Piper Sandler reiterated an “overweight” rating and issued a $33.00 target price (up previously from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

About Brixmor Property Group

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.