Allstate Corp Lowers Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Allstate Corp reduced its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 76.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,548 shares of the real estate investment trust's stock after selling 55,541 shares during the period. Allstate Corp's holdings in Brixmor Property Group were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Brixmor Property Group during the 4th quarter worth approximately $110,205,000. Brookfield Corp ON bought a new stake in shares of Brixmor Property Group in the third quarter worth $38,051,000. Zurich Insurance Group Ltd FI increased its holdings in Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock valued at $86,499,000 after purchasing an additional 959,000 shares during the period. Lord Abbett & CO. LLC bought a new position in Brixmor Property Group during the 3rd quarter worth $25,492,000. Finally, FMR LLC grew its position in shares of Brixmor Property Group by 136.8% in the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust's stock valued at $29,773,000 after buying an additional 617,341 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Down 4.1 %

Shares of NYSE BRX traded down $1.01 during midday trading on Friday, hitting $23.96. 3,429,870 shares of the stock traded hands, compared to its average volume of 2,221,654. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The business has a 50 day moving average price of $26.57 and a two-hundred day moving average price of $27.47. The company has a market cap of $7.33 billion, a PE ratio of 21.58, a P/E/G ratio of 2.66 and a beta of 1.30.

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Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts' consensus estimates 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, equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.2875 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.80%. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Evercore ISI upgraded 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. Wells Fargo & Company dropped their price target on shares of 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. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Scotiabank lowered their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Finally, Stifel Nicolaus decreased their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.48.

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.