Alliancebernstein L.P. Has $44.04 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Alliancebernstein L.P. lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,581,875 shares of the real estate investment trust's stock after selling 136,421 shares during the quarter. Alliancebernstein L.P. owned about 0.52% of Brixmor Property Group worth $44,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRX. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC lifted its position 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 purchasing an additional 521 shares during the last quarter. Quarry LP boosted its stake in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 364 shares during the period. UMB Bank n.a. grew its holdings in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,140 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on BRX. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and increased their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Mizuho cut their price objective on shares of 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. Finally, Scotiabank decreased their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded up $1.51 during midday trading on Wednesday, hitting $24.57. 1,576,833 shares of the company were exchanged, compared to its average volume of 2,221,037. The firm has a 50 day simple moving average of $26.37 and a 200-day simple moving average of $27.38. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The firm has a market cap of $7.52 billion, a P/E ratio of 22.17, a PEG 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.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 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%. Research 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 will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.68%. Brixmor Property Group's dividend payout ratio (DPR) is presently 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.