UBS Group AG Trims Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

UBS Group AG decreased its stake in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 51.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,071 shares of the real estate investment trust’s stock after selling 321,527 shares during the quarter. UBS Group AG owned approximately 0.10% of Brixmor Property Group worth $7,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. grew its position in shares of Brixmor Property Group by 832.8% during the third quarter. Bessemer Group Inc. now owns 1,735 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,549 shares in the last quarter. Ronald Blue Trust Inc. grew its position in shares of Brixmor Property Group by 80.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,297 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,021 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Brixmor Property Group during the first quarter worth about $43,000. Covestor Ltd grew its position in shares of Brixmor Property Group by 170.2% during the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Ellevest Inc. grew its position in shares of Brixmor Property Group by 32.5% during the fourth quarter. Ellevest Inc. now owns 3,427 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on BRX shares. Stifel Nicolaus cut their target price on Brixmor Property Group from $25.00 to $24.50 in a research report on Tuesday, May 2nd. Mizuho cut their price target on Brixmor Property Group from $24.00 to $21.00 in a report on Thursday. Wells Fargo & Company started coverage on Brixmor Property Group in a report on Tuesday. They set an “equal weight” rating and a $21.00 price target for the company. Truist Financial cut their price target on Brixmor Property Group from $26.00 to $25.00 in a report on Monday, May 15th. Finally, The Goldman Sachs Group assumed coverage on Brixmor Property Group in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $22.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Brixmor Property Group Stock Down 1.9 %

Shares of BRX stock opened at $19.63 on Friday. Brixmor Property Group Inc. has a 1-year low of $17.62 and a 1-year high of $24.52. The stock’s fifty day moving average price is $20.64 and its 200 day moving average price is $21.91. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.12). Brixmor Property Group had a return on equity of 13.60% and a net margin of 31.43%. The firm had revenue of $311.40 million for the quarter, compared to analyst estimates of $306.68 million. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts expect that Brixmor Property Group Inc. will post 2.01 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Wednesday, July 5th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 5.30%. Brixmor Property Group’s dividend payout ratio is currently 81.89%.

About Brixmor Property Group

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.