Algert Global LLC Has $14.76 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Algert Global LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 530,316 shares of the real estate investment trust's stock after buying an additional 52,998 shares during the period. Algert Global LLC owned approximately 0.18% of Brixmor Property Group worth $14,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BRX. US Bancorp DE increased its stake in Brixmor Property Group by 5.3% in the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 405 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Brixmor Property Group by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock valued at $1,710,000 after buying an additional 434 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after buying an additional 441 shares in the last quarter. CIBC Asset Management Inc raised its stake in Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after buying an additional 511 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in 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 worth $26,000 after acquiring an additional 521 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRX has been the topic of several recent analyst reports. Mizuho cut their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective 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. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Stifel Nicolaus lowered their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Scotiabank cut their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded up $0.12 during trading on Friday, hitting $25.23. 461,096 shares of the stock were exchanged, compared to its average volume of 2,424,051. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The company has a fifty day moving average price of $25.52 and a 200-day moving average price of $27.01. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

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

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is presently 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.