Headlands Technologies LLC Purchases Shares of 925 Brixmor Property Group Inc. (NYSE:BRX)

Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 925 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock worth $157,450,000 after acquiring an additional 38,911 shares during the period. Norges Bank purchased a new stake in Brixmor Property Group in the fourth quarter valued at approximately $110,205,000. Arrowstreet Capital Limited Partnership boosted its position in Brixmor Property Group by 25.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,122,101 shares of the real estate investment trust’s stock valued at $59,079,000 after buying an additional 430,802 shares during the last quarter. Prudential Financial Inc. increased its holdings in Brixmor Property Group by 16.4% in the 4th quarter. Prudential Financial Inc. now owns 2,109,892 shares of the real estate investment trust’s stock worth $58,739,000 after buying an additional 296,570 shares during the period. Finally, abrdn plc raised its position in Brixmor Property Group by 18.7% during the 4th quarter. abrdn plc now owns 1,106,447 shares of the real estate investment trust’s stock worth $30,698,000 after buying an additional 174,155 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Down 2.8 %

BRX stock opened at $22.95 on Wednesday. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The business’s 50-day moving average is $26.37 and its 200 day moving average is $27.38. 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 cap of $7.02 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) 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, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business 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 dividend of $0.2875 per share. 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 5.01%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is currently 103.60%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Mizuho lowered their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.48.

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.