Nomura Asset Management Co. Ltd. Raises Stake in Brixmor Property Group Inc. (NYSE:BRX)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407,688 shares of the real estate investment trust's stock after acquiring an additional 15,270 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Brixmor Property Group worth $11,350,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of Brixmor Property Group by 34.5% during the third quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust's stock worth $740,000 after buying an additional 6,817 shares during the last quarter. FMR LLC grew its stake 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 purchasing an additional 617,341 shares during the last quarter. BNP Paribas Financial Markets increased its holdings 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 purchasing an additional 182,541 shares during the period. Townsquare Capital LLC purchased a new stake in shares of Brixmor Property Group during the third quarter worth approximately $217,000. Finally, Glenmede Trust Co. NA raised its stake in shares of 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 purchasing an additional 26,000 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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Brixmor Property Group Price Performance

NYSE BRX traded down $1.01 during trading hours on Friday, reaching $23.96. The company's stock had a trading volume of 3,429,870 shares, compared to its average volume of 2,219,075. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company's 50-day moving average is $26.57 and its two-hundred day moving average is $27.48. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The stock has a market cap of $7.33 billion, a PE ratio of 21.58, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly 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%. Analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This is an increase 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 Ratings Changes

Several equities analysts have issued reports on the stock. 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 research note on Tuesday, February 11th. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. 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 report on Wednesday, March 26th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Company 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.