Cetera Investment Advisers Acquires 17,381 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Cetera Investment Advisers raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 80.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,113 shares of the real estate investment trust's stock after purchasing an additional 17,381 shares during the quarter. Cetera Investment Advisers' holdings in Brixmor Property Group were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Brixmor Property Group in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 521 shares during the period. 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 stake 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 period. Finally, Quarry LP increased its stake in shares of Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares during the period. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BRX shares. Scotiabank decreased their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. 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. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Mizuho lowered their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of "Moderate Buy" and an average price target of $30.40.

Brixmor Property Group Trading Down 0.5%

NYSE BRX traded down $0.13 on Wednesday, hitting $25.03. 121,156 shares of the stock were exchanged, compared to its average volume of 2,432,762. The company's 50-day moving average price is $25.34 and its two-hundred day moving average price is $26.80. 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 52-week low of $21.32 and a 52-week high of $30.67. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued 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. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Brixmor Property Group's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 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.