CANADA LIFE ASSURANCE Co Increases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

CANADA LIFE ASSURANCE Co boosted its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 633,316 shares of the real estate investment trust's stock after buying an additional 21,124 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.21% of Brixmor Property Group worth $17,620,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of Brixmor Property Group during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC grew its holdings in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 521 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $26,000. UMB Bank n.a. increased its position in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in 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 acquiring an additional 1,140 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BRX. 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. Evercore ISI raised 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 research report on Tuesday, February 11th. Scotiabank dropped 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. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Mizuho decreased their target price on 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. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.48.

Brixmor Property Group Price Performance

BRX stock traded up $0.14 during mid-day trading on Friday, reaching $25.83. 2,049,653 shares of the company traded hands, compared to its average volume of 2,215,606. 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 capitalization of $7.90 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.66 and a beta of 1.30. 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 company has a fifty day moving average price of $25.92 and a 200-day moving average price of $27.15.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.45%. Brixmor Property Group's dividend payout ratio (DPR) is currently 103.60%.

Brixmor Property Group Company 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.