Ameriprise Financial Inc. Acquires 393,317 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Ameriprise Financial Inc. grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,453,599 shares of the real estate investment trust's stock after purchasing an additional 393,317 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.81% of Brixmor Property Group worth $151,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors LLC bought a new position in shares of Brixmor Property Group during the third quarter worth about $385,000. Tidal Investments LLC bought a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $472,000. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 631 shares during the period. Everence Capital Management Inc. bought a new position in Brixmor Property Group in the 4th quarter worth approximately $235,000. Finally, Park Avenue Securities LLC increased its position in Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock valued at $720,000 after acquiring an additional 12,593 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BRX has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and increased their price target for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Mizuho dropped their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Scotiabank decreased 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. Four investment 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, the company currently has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Up 0.2 %

Brixmor Property Group stock traded up $0.06 during mid-day trading on Friday, hitting $25.17. The company's stock had a trading volume of 1,594,488 shares, compared to its average volume of 2,187,687. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The company has a market cap of $7.70 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. 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 firm's 50 day moving average is $25.47 and its 200 day moving average is $26.99.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $337.51 million for 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 firm's revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.57%. Brixmor Property Group's dividend payout ratio (DPR) is currently 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.