Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in Brixmor Property Group Inc. (NYSE:BRXGet Rating) by 105.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,357 shares of the real estate investment trust’s stock after purchasing an additional 8,385 shares during the period. Cerity Partners LLC’s holdings in Brixmor Property Group were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. DAVENPORT & Co LLC acquired a new position in Brixmor Property Group during the 1st quarter worth approximately $333,000. Envestnet Asset Management Inc. grew its holdings in Brixmor Property Group by 8.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,022 shares of the real estate investment trust’s stock worth $1,807,000 after acquiring an additional 5,335 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new position in Brixmor Property Group during the 1st quarter worth approximately $889,000. Prospera Financial Services Inc acquired a new position in Brixmor Property Group during the 1st quarter worth approximately $43,000. Finally, Wolverine Asset Management LLC acquired a new position in Brixmor Property Group during the 1st quarter worth approximately $57,000. Institutional investors and hedge funds own 97.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BRX. Evercore ISI lowered their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, September 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Brixmor Property Group from $23.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, October 7th. StockNews.com initiated coverage on shares of Brixmor Property Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Mizuho reduced their price objective on shares of Brixmor Property Group from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 11th. Finally, Piper Sandler reduced their price objective on shares of Brixmor Property Group from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.96.

Brixmor Property Group Stock Up 1.9 %

BRX stock opened at $22.72 on Monday. The company has a fifty day moving average price of $20.32 and a 200 day moving average price of $21.54. Brixmor Property Group Inc. has a 12 month low of $17.62 and a 12 month high of $27.19. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.58. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.55 and a quick ratio of 0.55.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Wednesday, January 4th will be given a $0.26 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, January 3rd. This represents a $1.04 annualized dividend and a yield of 4.58%. Brixmor Property Group’s dividend payout ratio is 88.89%.

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.

See Also

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.