Landscape Capital Management L.L.C. Acquires Shares of 12,712 Brixmor Property Group Inc. (NYSE:BRX)

Posted by Defense World Staff on Aug 21st, 2023

Landscape Capital Management L.L.C. bought a new position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,712 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming boosted its holdings in Brixmor Property Group by 6.8% during the fourth quarter. State of Wyoming now owns 7,469 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 478 shares during the last quarter. CI Investments Inc. grew its holdings in shares of Brixmor Property Group by 24.1% in the fourth quarter. CI Investments Inc. now owns 2,466 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 479 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Brixmor Property Group by 5.3% in the first quarter. Beacon Pointe Advisors LLC now owns 12,535 shares of the real estate investment trust’s stock valued at $324,000 after acquiring an additional 631 shares in the last quarter. Burney Co. increased its position in shares of Brixmor Property Group by 1.4% during the fourth quarter. Burney Co. now owns 56,901 shares of the real estate investment trust’s stock valued at $1,290,000 after acquiring an additional 764 shares during the last quarter. Finally, Jeppson Wealth Management LLC lifted its holdings in Brixmor Property Group by 8.7% during the first quarter. Jeppson Wealth Management LLC now owns 10,025 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 95.68% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $21.58 on Monday. The stock has a fifty day moving average of $22.20 and a 200-day moving average of $21.61. The stock has a market cap of $6.49 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.55 and a current ratio of 0.55. Brixmor Property Group Inc. has a fifty-two week low of $17.62 and a fifty-two week high of $24.26.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, October 3rd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Monday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 88.89%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BRX. StockNews.com initiated coverage on Brixmor Property Group in a research note on Thursday. They issued a “hold” rating for the company. Wells Fargo & Company lifted their price objective on shares of Brixmor Property Group from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Truist Financial reduced their target price on shares of Brixmor Property Group from $26.00 to $25.00 in a research report on Monday, May 15th. Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $25.00 to $24.50 in a report on Tuesday, May 2nd. Finally, The Goldman Sachs Group upgraded Brixmor Property Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $23.00 to $27.00 in a research note on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average target price of $25.14.

Check Out Our Latest Stock Analysis on BRX

Brixmor Property Group Profile

(Free Report)

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 365 retail centers comprise approximately 65 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.