Bamco Inc. NY Sells 52,846 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Bamco Inc. NY decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,319 shares of the real estate investment trust's stock after selling 52,846 shares during the quarter. Bamco Inc. NY owned 0.07% of Brixmor Property Group worth $5,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BRX. V Square Quantitative Management LLC bought a new position in shares of Brixmor Property Group during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the period. Headlands Technologies LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at $26,000. UMB Bank n.a. grew its holdings in Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 693 shares during the period. Finally, Quarry LP boosted its position in shares of Brixmor Property Group by 39.0% during the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 533 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $28.00 to $33.00 in a research note on Friday, February 14th. The Goldman Sachs Group cut their target price 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. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Tuesday, February 11th. Scotiabank reduced their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Performance

Shares of NYSE BRX traded up $0.06 during midday trading on Friday, reaching $25.17. The company's stock had a trading volume of 1,594,488 shares, compared to its average volume of 2,187,687. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $7.70 billion, a P/E ratio of 22.68, a PEG ratio of 2.66 and a beta of 1.25. The firm has a 50 day moving average price of $25.47 and a 200-day moving average price of $26.99. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67.

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

Brixmor Property Group Announces Dividend

The firm 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 dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is currently 109.52%.

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.