Wolverine Asset Management LLC Cuts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Wolverine Asset Management LLC decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,497 shares of the real estate investment trust’s stock after selling 1,241 shares during the period. Wolverine Asset Management LLC’s holdings in Brixmor Property Group were worth $459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter worth about $26,000. Quarry LP grew its holdings in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. UMB Bank n.a. increased its stake in Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares during the period. Venturi Wealth Management LLC lifted its holdings in Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,140 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Brixmor Property Group by 103.7% in the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 1,448 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

NYSE BRX opened at $27.29 on Monday. The company has a fifty day moving average of $26.95 and a two-hundred day moving average of $27.57. The company has a market capitalization of $8.35 billion, a PE ratio of 24.58, a P/E/G ratio of 2.66 and a beta of 1.58. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

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

Brixmor Property Group Increases Dividend

The firm also recently announced 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 positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BRX. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company lowered their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Truist Financial upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average target price of $30.87.

Brixmor Property Group Company Profile

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.