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

Y Intercept Hong Kong Ltd decreased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 55.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,896 shares of the real estate investment trust’s stock after selling 33,387 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Brixmor Property Group were worth $744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. Louisiana State Employees Retirement System grew its stake in shares of Brixmor Property Group by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock valued at $2,242,000 after purchasing an additional 400 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Brixmor Property Group by 0.5% during the 2nd quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock worth $1,917,000 after buying an additional 400 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Brixmor Property Group by 4.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 451 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Brixmor Property Group by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust’s stock valued at $1,002,000 after buying an additional 478 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Brixmor Property Group by 7.4% during the third quarter. GAMMA Investing LLC now owns 7,003 shares of the real estate investment trust’s stock worth $194,000 after acquiring an additional 485 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

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

Brixmor Property Group Stock Down 1.0%

Shares of NYSE:BRX opened at $26.52 on Tuesday. The company has a 50 day moving average price of $26.01 and a two-hundred day moving average price of $26.60. 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 company has a market capitalization of $8.12 billion, a PE ratio of 24.33, a PEG 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.

About Brixmor Property Group

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.