Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Pictet Asset Management SA

Pictet Asset Management SA grew its holdings in Brixmor Property Group Inc. (NYSE:BRXGet Rating) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,965 shares of the real estate investment trust’s stock after buying an additional 5,838 shares during the quarter. Pictet Asset Management SA’s holdings in Brixmor Property Group were worth $2,465,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of Brixmor Property Group by 6.9% in the 1st quarter. Teacher Retirement System of Texas now owns 61,425 shares of the real estate investment trust’s stock valued at $1,585,000 after buying an additional 3,938 shares during the period. Prospera Financial Services Inc purchased a new position in Brixmor Property Group in the 1st quarter valued at approximately $43,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Brixmor Property Group by 10.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 109,157 shares of the real estate investment trust’s stock valued at $2,817,000 after purchasing an additional 10,692 shares in the last quarter. Van ECK Associates Corp increased its stake in Brixmor Property Group by 15.1% in the 1st quarter. Van ECK Associates Corp now owns 26,682 shares of the real estate investment trust’s stock valued at $689,000 after purchasing an additional 3,494 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Brixmor Property Group by 10.3% in the 1st quarter. Crossmark Global Holdings Inc. now owns 34,325 shares of the real estate investment trust’s stock valued at $886,000 after purchasing an additional 3,200 shares in the last quarter. 97.35% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

BRX stock opened at $22.65 on Tuesday. Brixmor Property Group Inc. has a 52-week low of $17.62 and a 52-week high of $27.19. The stock’s fifty day simple moving average is $20.32 and its 200-day simple moving average is $21.52. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.57 and a beta of 1.58.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Wednesday, January 4th will be issued a dividend of $0.26 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, January 3rd. This represents a $1.04 annualized dividend and a dividend yield of 4.59%. Brixmor Property Group’s dividend payout ratio (DPR) is 88.89%.

Wall Street Analyst Weigh In

BRX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Brixmor Property Group from $23.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, October 7th. StockNews.com initiated coverage on Brixmor Property Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Piper Sandler dropped their price objective on Brixmor Property Group from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, October 7th. Evercore ISI dropped their price objective on Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, September 27th. Finally, Mizuho dropped their price target on 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.96.

About Brixmor Property Group

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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.

Further Reading

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

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