Navellier & Associates Inc. Invests $203,000 in Brixmor Property Group Inc. (NYSE:BRX)

Navellier & Associates Inc. bought a new position in Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,279 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Several other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 441 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 511 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Brixmor Property Group by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 532 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Brixmor Property Group by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 631 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BRX. Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Scotiabank boosted their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $30.87.

Brixmor Property Group Trading Down 0.6 %

Shares of BRX opened at $27.29 on Monday. The business’s 50-day moving average price is $26.95 and its 200-day moving average price is $27.57. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The stock has a market cap of $8.35 billion, a PE ratio of 24.58, a P/E/G ratio of 2.66 and a beta of 1.58. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.21%. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

About Brixmor Property Group

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