Brixmor Property Group Inc. (NYSE:BRX) Stock Position Lifted by Hsbc Holdings PLC

Posted by Defense World Staff on Feb 26th, 2023

Hsbc Holdings PLC boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 87.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 245,665 shares of the real estate investment trust’s stock after purchasing an additional 114,579 shares during the period. Hsbc Holdings PLC owned about 0.08% of Brixmor Property Group worth $4,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BRX. Cambridge Investment Research Advisors Inc. bought a new stake in Brixmor Property Group in the first quarter worth approximately $407,000. AlphaCrest Capital Management LLC grew its position in Brixmor Property Group by 44.2% in the first quarter. AlphaCrest Capital Management LLC now owns 14,689 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 4,504 shares in the last quarter. APG Asset Management N.V. bought a new stake in Brixmor Property Group in the first quarter worth approximately $371,000. Great West Life Assurance Co. Can grew its position in Brixmor Property Group by 5.5% in the first quarter. Great West Life Assurance Co. Can now owns 406,368 shares of the real estate investment trust’s stock worth $10,834,000 after acquiring an additional 21,179 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Brixmor Property Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 45,190,584 shares of the real estate investment trust’s stock worth $1,166,369,000 after acquiring an additional 369,401 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BRX has been the subject of several recent analyst reports. 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 report on Friday, November 11th. Credit Suisse Group upped their price objective on shares of Brixmor Property Group to $24.00 in a report on Friday, November 4th. Barclays upped their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. Finally, Wolfe Research raised shares of Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $24.42.

Brixmor Property Group Trading Down 0.4 %

Shares of BRX stock opened at $22.52 on Friday. Brixmor Property Group Inc. has a 52-week low of $17.62 and a 52-week high of $27.19. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.60 and a beta of 1.60. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a fifty day moving average of $22.75 and a 200-day moving average of $21.89.

Brixmor Property Group (NYSE:BRX – Get Rating) last announced its earnings results on Tuesday, February 14th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.14). The firm had revenue of $308.57 million for the quarter, compared to analyst estimates of $310.70 million. Brixmor Property Group had a return on equity of 12.57% and a net margin of 29.08%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Tuesday, April 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Monday, April 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 89.66%.

Insider Buying and Selling

In related news, Director Michael B. Berman sold 15,000 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $22.96, for a total transaction of $344,400.00. Following the completion of the sale, the director now owns 45,146 shares in the company, valued at approximately $1,036,552.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Brixmor Property Group Profile

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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.