Sei Investments Co. Has $31.11 Million Position in Brixmor Property Group Inc. $BRX

Sei Investments Co. lowered its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 2.8% during the first quarter, HoldingsChannel.com reports. The fund owned 1,080,138 shares of the real estate investment trust’s stock after selling 31,562 shares during the period. Sei Investments Co.’s holdings in Brixmor Property Group were worth $31,108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BRX. Clearstead Advisors LLC lifted its stake in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 495 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $26,000. Loomis Sayles & Co. L P raised its holdings in shares of Brixmor Property Group by 1,215.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,130 shares in the last quarter. SHP Wealth Management acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $34,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BRX shares. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. KeyCorp boosted their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. BMO Capital Markets increased their target price on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Finally, Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $33.75.

Brixmor Property Group Trading Down 0.3%

Shares of NYSE BRX opened at $32.34 on Tuesday. Brixmor Property Group Inc. has a 1-year low of $24.66 and a 1-year high of $32.86. The company has a market cap of $9.92 billion, a PE ratio of 22.46, a P/E/G ratio of 2.72 and a beta of 0.98. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average of $31.38 and a two-hundred day moving average of $29.76.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The business had revenue of $354.82 million for the quarter, compared to analysts’ expectations of $349.43 million. During the same period in the prior year, the firm earned $0.56 earnings per share. Brixmor Property Group’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s payout ratio is 85.42%.

About Brixmor Property Group

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.