Victory Capital Management Inc. Has $5.65 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Posted by Defense World Staff on May 27th, 2023

Victory Capital Management Inc. decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 12.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 240,055 shares of the real estate investment trust’s stock after selling 33,492 shares during the quarter. Victory Capital Management Inc. owned 0.08% of Brixmor Property Group worth $5,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BRX. Cambridge Investment Research Advisors Inc. acquired a new stake in Brixmor Property Group in the 1st quarter worth about $407,000. AlphaCrest Capital Management LLC raised its stake in Brixmor Property Group by 44.2% in the 1st quarter. AlphaCrest Capital Management LLC now owns 14,689 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 4,504 shares in the last quarter. APG Asset Management N.V. acquired a new stake in Brixmor Property Group in the 1st quarter worth about $371,000. Great West Life Assurance Co. Can raised its stake in Brixmor Property Group by 5.5% in the 1st 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 purchasing an additional 21,179 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Brixmor Property Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 45,190,584 shares of the real estate investment trust’s stock worth $1,166,369,000 after purchasing an additional 369,401 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on BRX shares. Truist Financial dropped their target price on shares of Brixmor Property Group from $26.00 to $25.00 in a research report on Monday, May 15th. StockNews.com started coverage on shares of Brixmor Property Group in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Piper Sandler boosted their target price on shares of Brixmor Property Group from $26.00 to $28.00 in a research report on Monday, May 8th. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $25.00 to $24.50 in a research report on Tuesday, May 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Brixmor Property Group in a report on Tuesday, March 21st. They set a “neutral” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.11.

Brixmor Property Group Trading Up 0.5 %

BRX opened at $19.73 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $17.62 and a fifty-two week high of $24.52. 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 firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.84 and a beta of 1.59. The company’s 50 day moving average price is $20.63 and its two-hundred day moving average price is $21.90.

Brixmor Property Group (NYSE:BRX – Get Rating) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.37 earnings per share 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 business had revenue of $311.40 million for the quarter, compared to the consensus estimate of $306.68 million. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.01 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Wednesday, July 5th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.27%. Brixmor Property Group’s dividend payout ratio (DPR) 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.