AlphaQuest LLC Has $3.31 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

AlphaQuest LLC lowered its position in Brixmor Property Group Inc. (NYSE:BRX) by 9.9% in the 4th quarter, Holdings Channel reports. The fund owned 118,765 shares of the real estate investment trust’s stock after selling 13,114 shares during the quarter. Brixmor Property Group accounts for 0.4% of AlphaQuest LLC’s holdings, making the stock its 9th biggest holding. AlphaQuest LLC’s holdings in Brixmor Property Group were worth $3,306,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Brixmor Property Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock worth $156,473,000 after acquiring an additional 44,485 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Brixmor Property Group by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after acquiring an additional 159,388 shares in the last quarter. Zurich Insurance Group Ltd FI raised its position in shares of Brixmor Property Group by 44.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock worth $86,499,000 after acquiring an additional 959,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Brixmor Property Group by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock worth $65,900,000 after acquiring an additional 79,778 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $46,695,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BRX shares. Scotiabank reduced their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $33.00 in a research report on Friday, December 6th. 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 report on Tuesday, February 11th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company reduced their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Stock Performance

Shares of BRX opened at $26.68 on Friday. The business’s fifty day simple moving average is $26.87 and its two-hundred day simple moving average is $27.68. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last released its quarterly 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 return on equity of 11.72% and a net margin of 26.40%. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

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.