Verition Fund Management LLC Buys New Shares in Brixmor Property Group Inc. (NYSE:BRX)

Verition Fund Management LLC bought a new stake in shares of Brixmor Property Group Inc. (NYSE:BRXGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 41,437 shares of the real estate investment trust’s stock, valued at approximately $1,069,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dynamic Advisor Solutions LLC grew its holdings in shares of Brixmor Property Group by 4.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,978 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 420 shares during the last quarter. Navellier & Associates Inc. grew its holdings in shares of Brixmor Property Group by 1.3% during the 1st quarter. Navellier & Associates Inc. now owns 40,752 shares of the real estate investment trust’s stock valued at $1,052,000 after purchasing an additional 542 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Brixmor Property Group by 5.3% during the 1st quarter. Beacon Pointe Advisors LLC now owns 12,535 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 631 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Brixmor Property Group by 8.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 9,430 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 724 shares during the last quarter. Finally, Intersect Capital LLC grew its holdings in shares of Brixmor Property Group by 2.9% during the 1st quarter. Intersect Capital LLC now owns 31,616 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 890 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BRX shares. 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. Truist Financial dropped their price target on shares of Brixmor Property Group from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, June 21st. Mizuho increased their price target on shares of Brixmor Property Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. StockNews.com raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 13th. Finally, Evercore ISI increased their price target on shares of Brixmor Property Group to $24.00 in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.97.

Brixmor Property Group Trading Down 3.2 %

NYSE:BRX opened at $20.58 on Wednesday. The company has a 50-day moving average price of $22.20 and a 200-day moving average price of $23.17. Brixmor Property Group Inc. has a 12 month low of $19.42 and a 12 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. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.51 and a beta of 1.55.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 4th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 4.66%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 98.97%.

Brixmor Property Group Company 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.

Featured Stories

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRXGet Rating).

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.