Pinebridge Investments L.P. Trims Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Pinebridge Investments L.P. decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRXGet Rating) by 48.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,079 shares of the real estate investment trust’s stock after selling 13,195 shares during the period. Pinebridge Investments L.P.’s holdings in Brixmor Property Group were worth $363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Prospera Financial Services Inc purchased a new position in shares of Brixmor Property Group during the first quarter valued at approximately $43,000. Meeder Asset Management Inc. lifted its stake in shares of Brixmor Property Group by 47,125.0% during the first quarter. Meeder Asset Management Inc. now owns 1,889 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,885 shares during the period. Ellevest Inc. lifted its stake in shares of Brixmor Property Group by 205.5% during the first quarter. Ellevest Inc. now owns 1,894 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,274 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Brixmor Property Group during the first quarter valued at approximately $57,000. Finally, MUFG Americas Holdings Corp lifted its stake in shares of Brixmor Property Group by 1,630.1% during the fourth quarter. MUFG Americas Holdings Corp now owns 5,986 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 5,640 shares during the period. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BRX shares. KeyCorp reduced their price objective on shares of Brixmor Property Group from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 28th. TheStreet lowered shares of Brixmor Property Group from a “b-” rating to a “c+” rating in a research report on Monday, May 23rd. Piper Sandler dropped their price target on shares of Brixmor Property Group to $26.00 in a research report on Monday, July 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Brixmor Property Group from $28.00 to $23.00 in a research report on Monday, July 11th. Finally, StockNews.com raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.97.

Brixmor Property Group Price Performance

BRX opened at $21.71 on Wednesday. The company has a fifty day simple moving average of $21.84 and a 200 day simple moving average of $23.54. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.57 and a beta of 1.56. Brixmor Property Group Inc. has a twelve month low of $19.42 and a twelve month high of $27.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.84.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 4th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Monday, October 3rd. Brixmor Property Group’s payout ratio is 98.97%.

Brixmor Property Group Profile

(Get Rating)

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers.

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