Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by LDR Capital Management LLC

LDR Capital Management LLC lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,386 shares of the real estate investment trust’s stock after selling 17,928 shares during the period. Brixmor Property Group makes up 3.0% of LDR Capital Management LLC’s investment portfolio, making the stock its 12th largest position. LDR Capital Management LLC’s holdings in Brixmor Property Group were worth $2,210,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BRX. Quarry LP raised its holdings in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 364 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 441 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 511 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Brixmor Property Group by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock valued at $895,000 after buying an additional 532 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Brixmor Property Group by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 631 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.6 %

Brixmor Property Group stock opened at $27.29 on Friday. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The stock has a 50 day moving average of $26.95 and a two-hundred day moving average of $27.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.65 and a beta of 1.58.

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, 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%. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared 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. This represents a $1.15 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Wall Street Analysts Forecast Growth

BRX has been the topic of several research analyst reports. Scotiabank boosted their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Stifel Nicolaus cut their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Truist Financial upped their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. KeyCorp upped their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus target price of $30.87.

About Brixmor Property Group

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.