Envestnet Asset Management Inc. Sells 1,735 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Envestnet Asset Management Inc. cut its stake in Brixmor Property Group Inc. (NYSE:BRXGet Rating) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,287 shares of the real estate investment trust’s stock after selling 1,735 shares during the period. Envestnet Asset Management Inc.’s holdings in Brixmor Property Group were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of BRX. DAVENPORT & Co LLC acquired a new stake in Brixmor Property Group in the 1st quarter worth approximately $333,000. Ropes Wealth Advisors LLC acquired a new stake in Brixmor Property Group in the 1st quarter worth approximately $889,000. Prospera Financial Services Inc acquired a new stake in Brixmor Property Group in the 1st quarter worth approximately $43,000. Wolverine Asset Management LLC acquired a new stake in Brixmor Property Group in the 1st quarter worth approximately $57,000. Finally, Russell Investments Group Ltd. boosted its stake in Brixmor Property Group by 29.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,699,110 shares of the real estate investment trust’s stock worth $69,761,000 after purchasing an additional 614,279 shares in the last quarter. 97.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BRX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft decreased 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 note on Friday, October 7th. Piper Sandler decreased 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 note on Friday, October 7th. StockNews.com initiated coverage on shares of Brixmor Property Group in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Barclays decreased their price objective on shares of Brixmor Property Group from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, October 27th. Finally, Mizuho decreased 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 note on Friday, November 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Hold” and an average target price of $23.96.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $22.65 on Tuesday. The firm has a market cap of $6.79 billion, a PE ratio of 20.97, a PEG ratio of 1.57 and a beta of 1.58. The firm has a fifty day moving average of $20.32 and a 200 day moving average of $21.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.55 and a current ratio of 0.55. Brixmor Property Group Inc. has a one year low of $17.62 and a one year high of $27.19.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Wednesday, January 4th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Tuesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.24. Brixmor Property Group’s payout ratio is presently 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.

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

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