Barclays PLC lifted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 122.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 463,961 shares of the real estate investment trust's stock after acquiring an additional 255,430 shares during the quarter. Barclays PLC owned 0.15% of Brixmor Property Group worth $12,916,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group in the fourth quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 521 shares during the period. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,140 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Mizuho lowered their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Scotiabank dropped their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on 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. 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 report on Tuesday, February 11th. Finally, Stifel Nicolaus cut their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.48.
View Our Latest Research Report on Brixmor Property Group
Brixmor Property Group Stock Up 0.5 %
NYSE:BRX traded up $0.14 during midday trading on Friday, reaching $25.83. 2,049,653 shares of the stock traded hands, compared to its average volume of 2,215,606. The business has a 50-day moving average of $25.92 and a two-hundred day moving average of $27.15. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. The stock has a market capitalization of $7.90 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.
Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.
Brixmor Property Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was Wednesday, April 2nd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.45%. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.
About Brixmor Property Group
(
Free Report)
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.
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