Y Intercept Hong Kong Ltd Has $744,000 Position in Brixmor Property Group Inc. $BRX

Y Intercept Hong Kong Ltd cut its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 55.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 26,896 shares of the real estate investment trust’s stock after selling 33,387 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Brixmor Property Group were worth $744,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. lifted its stake in Brixmor Property Group by 10.9% in the third quarter. Resona Asset Management Co. Ltd. now owns 135,779 shares of the real estate investment trust’s stock valued at $3,728,000 after buying an additional 13,299 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Brixmor Property Group by 1.5% during the third quarter. UniSuper Management Pty Ltd now owns 87,021 shares of the real estate investment trust’s stock worth $2,409,000 after acquiring an additional 1,300 shares during the period. Strs Ohio lifted its position in Brixmor Property Group by 2.2% in the 3rd quarter. Strs Ohio now owns 1,388,880 shares of the real estate investment trust’s stock valued at $38,444,000 after acquiring an additional 30,192 shares in the last quarter. Vert Asset Management LLC boosted its stake in Brixmor Property Group by 6.1% in the 3rd quarter. Vert Asset Management LLC now owns 141,312 shares of the real estate investment trust’s stock worth $3,912,000 after purchasing an additional 8,176 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Brixmor Property Group by 6.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,600 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 785 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $26.52 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day moving average price of $26.01 and a 200 day moving average price of $26.60. The stock has a market capitalization of $8.12 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $28.61.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BRX shares. Wells Fargo & Company started coverage on Brixmor Property Group in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price target on the stock. UBS Group boosted their target price on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Scotiabank cut 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 report on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.30.

Brixmor Property Group Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.