Raymond James Financial Inc. Purchases New Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Raymond James Financial Inc. acquired a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 199,311 shares of the real estate investment trust's stock, valued at approximately $5,549,000. Raymond James Financial Inc. owned 0.07% of Brixmor Property Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Quarry LP grew its holdings in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 364 shares during the last quarter. US Bancorp DE boosted its position in shares of Brixmor Property Group by 5.3% in the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock valued at $225,000 after acquiring an additional 405 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of 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 worth $1,710,000 after acquiring an additional 434 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of 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 worth $244,000 after acquiring an additional 441 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. 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 research report on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

Brixmor Property Group Price Performance

NYSE:BRX traded down $0.18 on Friday, reaching $26.09. The stock had a trading volume of 2,796,565 shares, compared to its average volume of 2,213,068. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $7.98 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The stock has a fifty day moving average price of $26.62 and a 200-day moving average price of $27.55.

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

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.41%. Brixmor Property Group's dividend payout ratio (DPR) 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.