Wolverine Asset Management LLC Cuts Position in Brixmor Property Group Inc. (NYSE:BRX)

Wolverine Asset Management LLC reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,497 shares of the real estate investment trust’s stock after selling 1,241 shares during the quarter. Wolverine Asset Management LLC’s holdings in Brixmor Property Group were worth $459,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Brixmor Property Group in the fourth quarter worth about $26,000. Quarry LP raised its stake in shares of Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 693 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Brixmor Property Group by 140.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Brixmor Property Group by 103.7% in the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,448 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.29 on Monday. The stock has a market cap of $8.35 billion, a PE ratio of 24.58, a price-to-earnings-growth 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 business has a 50-day simple moving average of $26.95 and a 200-day simple moving average of $27.57. 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 (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share 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%. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.21%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Mizuho upped their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Truist Financial increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. 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 MarketBeat, 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.