Capital World Investors Invests $14.55 Million in Brixmor Property Group Inc. (NYSE:BRX)

Capital World Investors acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 522,713 shares of the real estate investment trust's stock, valued at approximately $14,552,000. Capital World Investors owned about 0.17% of Brixmor Property Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Brixmor Property Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,685,872 shares of the real estate investment trust's stock valued at $130,452,000 after purchasing an additional 38,427 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Brixmor Property Group by 71.8% during the fourth quarter. First Trust Advisors LP now owns 365,784 shares of the real estate investment trust's stock valued at $10,183,000 after acquiring an additional 152,818 shares during the last quarter. GeoWealth Management LLC raised its stake in shares of Brixmor Property Group by 31.4% during the fourth quarter. GeoWealth Management LLC now owns 11,107 shares of the real estate investment trust's stock valued at $309,000 after acquiring an additional 2,657 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Brixmor Property Group by 3.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 633,316 shares of the real estate investment trust's stock valued at $17,620,000 after acquiring an additional 21,124 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Brixmor Property Group by 6.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock valued at $216,930,000 after acquiring an additional 467,146 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BRX. Scotiabank dropped their price target on shares of 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. Mizuho dropped their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Stifel Nicolaus lowered their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Up 0.5 %

Shares of Brixmor Property Group stock traded up $0.14 on Friday, hitting $25.83. The company had a trading volume of 2,049,653 shares, compared to its average volume of 2,218,358. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. The stock has a 50 day moving average of $25.92 and a 200-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 (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.45%. 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. Brixmor Property Group's dividend payout ratio is 103.60%.

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.