Guggenheim Capital LLC Sells 115,440 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Guggenheim Capital LLC lessened its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 82.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,858 shares of the real estate investment trust's stock after selling 115,440 shares during the quarter. Guggenheim Capital LLC's holdings in Brixmor Property Group were worth $692,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of Brixmor Property Group during the third quarter worth about $577,000. World Investment Advisors LLC bought a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $385,000. Tidal Investments LLC acquired a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $472,000. Lord Abbett & CO. LLC bought a new stake in shares of Brixmor Property Group in the third quarter worth $25,492,000. Finally, GAMMA Investing LLC boosted its holdings in Brixmor Property Group by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 631 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BRX shares. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on 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. Mizuho lowered their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Scotiabank cut their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Performance

NYSE:BRX traded down $0.01 during mid-day trading on Wednesday, reaching $24.90. 2,677,954 shares of the company's stock were exchanged, compared to its average volume of 2,221,627. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $7.62 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The business's fifty day simple moving average is $25.79 and its two-hundred day simple moving average is $27.11.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

Brixmor Property Group 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.