Amalgamated Bank Decreases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Amalgamated Bank trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,278 shares of the real estate investment trust’s stock after selling 3,242 shares during the period. Amalgamated Bank’s holdings in Brixmor Property Group were worth $3,724,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BRX. Smartleaf Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 521 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $26,000. Quarry LP grew its stake in shares of Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 533 shares during the period. Blue Trust Inc. grew its stake in shares of Brixmor Property Group by 54.4% in the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 709 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Brixmor Property Group by 54.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 885 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BRX. UBS Group assumed coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a “buy” rating and a $29.00 price objective for the company. Scotiabank lowered their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company cut their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group dropped their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.30.

Brixmor Property Group Trading Up 0.6%

Shares of Brixmor Property Group stock opened at $26.01 on Friday. The company has a fifty day moving average of $25.58 and a 200 day moving average of $26.11. Brixmor Property Group Inc. has a fifty-two week low of $22.29 and a fifty-two week high of $30.67. The company has a market capitalization of $7.96 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.69 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to analysts’ expectations of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.42%. Brixmor Property Group’s dividend payout ratio is currently 109.52%.

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.