32,135 Brixmor Property Group Inc. $BRX Shares Acquired by Peak Financial Advisors LLC

Peak Financial Advisors LLC grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 29.3% during the third quarter, Holdings Channel reports. The firm owned 141,735 shares of the real estate investment trust’s stock after acquiring an additional 32,135 shares during the quarter. Brixmor Property Group makes up approximately 1.7% of Peak Financial Advisors LLC’s portfolio, making the stock its 16th biggest holding. Peak Financial Advisors LLC’s holdings in Brixmor Property Group were worth $3,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Brixmor Property Group in the 2nd quarter valued at about $2,841,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Brixmor Property Group during the first quarter worth about $1,443,000. Hsbc Holdings PLC lifted its position in shares of Brixmor Property Group by 77.3% during the fourth quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust’s stock worth $21,575,000 after purchasing an additional 359,006 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Brixmor Property Group by 9.5% during the first quarter. Quantinno Capital Management LP now owns 526,680 shares of the real estate investment trust’s stock worth $15,168,000 after purchasing an additional 45,809 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Brixmor Property Group by 686.1% in the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after purchasing an additional 4,518,001 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Mizuho dropped their price objective on shares of Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Citigroup increased their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Truist Financial assumed coverage on Brixmor Property Group in a research note on Friday, October 2nd. They set a “buy” rating and a $31.00 target price for the company. Finally, Piper Sandler dropped their price objective on Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Brixmor Property Group Trading Down 0.1%

NYSE:BRX opened at $29.13 on Friday. The firm has a market cap of $8.94 billion, a P/E ratio of 21.26, a PEG ratio of 2.25 and a beta of 0.97. The company has a current ratio of 0.81, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The stock’s 50 day simple moving average is $28.24 and its 200-day simple moving average is $29.52. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.31). Brixmor Property Group had a return on equity of 14.10% and a net margin of 29.96%. The company had revenue of $359.60 million for the quarter, compared to analyst estimates of $357.28 million. During the same period in the prior year, the business earned $0.56 earnings per share. Brixmor Property Group’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.37 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, January 5th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, January 5th. This represents a $1.32 annualized dividend and a yield of 4.5%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.3075. Brixmor Property Group’s dividend payout ratio is presently 89.78%.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.