Quest Partners LLC Trims Position in Brixmor Property Group Inc. (NYSE:BRX)

Quest Partners LLC reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 25.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 131,879 shares of the real estate investment trust's stock after selling 45,555 shares during the period. Brixmor Property Group comprises approximately 0.3% of Quest Partners LLC's portfolio, making the stock its 22nd biggest position. Quest Partners LLC's holdings in Brixmor Property Group were worth $3,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its holdings in Brixmor Property Group by 3.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 335,892 shares of the real estate investment trust's stock worth $7,228,000 after acquiring an additional 10,618 shares during the period. Vanguard Group Inc. increased its stake in shares of Brixmor Property Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust's stock worth $1,070,794,000 after purchasing an additional 165,572 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Brixmor Property Group by 6.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 42,205 shares of the real estate investment trust's stock worth $990,000 after acquiring an additional 2,437 shares during the period. UniSuper Management Pty Ltd increased its stake in Brixmor Property Group by 1.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 86,321 shares of the real estate investment trust's stock worth $2,024,000 after acquiring an additional 1,100 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Brixmor Property Group by 2.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 662,832 shares of the real estate investment trust's stock valued at $15,545,000 after purchasing an additional 17,088 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BRX. KeyCorp upped their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a "hold" rating in a research note on Tuesday, October 29th. Mizuho lifted their target price on Brixmor Property Group from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. StockNews.com lowered Brixmor Property Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Finally, Evercore ISI lifted their target price on Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.13.

Brixmor Property Group Stock Performance

Shares of BRX stock traded up $0.43 during mid-day trading on Monday, hitting $29.26. The stock had a trading volume of 1,598,722 shares, compared to its average volume of 2,285,196. The firm has a market cap of $8.84 billion, a PE ratio of 27.09, a PEG ratio of 3.93 and a beta of 1.57. The company's 50-day simple moving average is $27.83 and its 200-day simple moving average is $25.29. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.28.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business had revenue of $320.68 million during the quarter, compared to analysts' expectations of $320.22 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.92%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group's dividend payout ratio (DPR) is presently 106.48%.

Brixmor Property Group Profile

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.