Natixis Purchases 335,697 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Natixis increased its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 439.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,011 shares of the real estate investment trust's stock after acquiring an additional 335,697 shares during the period. Natixis owned about 0.14% of Brixmor Property Group worth $11,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE grew its stake in Brixmor Property Group by 5.3% in the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Brixmor Property Group by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock valued at $1,710,000 after acquiring an additional 434 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Brixmor Property Group by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after purchasing an additional 441 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Brixmor Property Group by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock valued at $261,000 after buying an additional 511 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 521 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Up 0.4 %

Shares of Brixmor Property Group stock traded up $0.11 during trading on Friday, reaching $25.80. The company's stock had a trading volume of 659,195 shares, compared to its average volume of 2,210,112. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The firm's 50-day moving average is $25.95 and its two-hundred day moving average is $27.16. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a $0.2875 dividend. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.46%. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

Analysts Set New Price Targets

BRX has been the subject of several recent research reports. Wells Fargo & Company reduced 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. Mizuho dropped their target price on 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. Evercore ISI upgraded 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 note on Tuesday, February 11th. Scotiabank reduced their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.48.

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.