Pinebridge Investments L.P. Has $2.44 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Pinebridge Investments L.P. increased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 42.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,658 shares of the real estate investment trust's stock after purchasing an additional 26,223 shares during the quarter. Pinebridge Investments L.P.'s holdings in Brixmor Property Group were worth $2,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BRX. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 124.9% during 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 last quarter. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $26,000. UMB Bank n.a. boosted its stake in shares of 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 valued at $46,000 after buying an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Brixmor Property Group by 140.9% during the fourth 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 in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.0 %

NYSE:BRX traded down $0.01 during mid-day trading on Wednesday, reaching $24.90. The stock had a trading volume of 2,677,954 shares, compared to its average volume of 2,227,610. The stock has a market cap of $7.62 billion, a P/E ratio of 22.43, a PEG ratio of 2.66 and a beta of 1.30. The business's 50 day moving average is $25.84 and its 200 day moving average is $27.13. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. Brixmor Property Group Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly 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. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same quarter last year, the firm earned $0.54 EPS. Brixmor Property Group's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.62%. Brixmor Property Group's payout ratio is currently 103.60%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BRX shares. Scotiabank cut their target price on shares of 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. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Stifel Nicolaus reduced their price objective 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. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Mizuho reduced their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.48.

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.