New Age Alpha Advisors LLC Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

New Age Alpha Advisors LLC purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,466 shares of the real estate investment trust's stock, valued at approximately $2,741,000.

A number of other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC boosted its stake in Brixmor Property Group by 34.5% during the 3rd quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust's stock valued at $740,000 after purchasing an additional 6,817 shares during the period. FMR LLC lifted its holdings in shares of Brixmor Property Group by 136.8% during the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust's stock worth $29,773,000 after buying an additional 617,341 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Brixmor Property Group by 224.4% in the third quarter. BNP Paribas Financial Markets now owns 263,874 shares of the real estate investment trust's stock valued at $7,352,000 after acquiring an additional 182,541 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Brixmor Property Group in the third quarter worth $217,000. Finally, Glenmede Trust Co. NA increased its position in Brixmor Property Group by 222.1% during the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust's stock worth $1,050,000 after acquiring an additional 26,000 shares during the period. 98.43% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

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. Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Mizuho reduced their price objective 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. Wells Fargo & Company lowered their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Finally, Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.48.

Brixmor Property Group Price Performance

Shares of BRX traded down $1.45 during trading hours on Thursday, hitting $25.26. The stock had a trading volume of 847,299 shares, compared to its average volume of 2,205,610. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 22.76, 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's fifty day moving average is $26.64 and its two-hundred day moving average is $27.53. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping 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, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.55%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's payout ratio is currently 103.60%.

Brixmor Property Group 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.