Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 396,408 shares of the real estate investment trust's stock after buying an additional 58,275 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of Brixmor Property Group worth $11,036,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group during the 4th quarter worth $26,000. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC grew its position in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after buying an additional 521 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after buying an additional 693 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Scotiabank lowered their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Mizuho lowered their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Evercore ISI upgraded 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 decreased their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Stock Performance

BRX traded up $0.44 during trading on Wednesday, hitting $26.13. 200,122 shares of the stock were exchanged, compared to its average volume of 2,205,800. The firm has a market capitalization of $7.99 billion, a P/E ratio of 23.54, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The stock has a fifty day moving average price of $26.03 and a two-hundred day moving average price of $27.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its 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%. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were paid 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 was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.40%. Brixmor Property Group's dividend payout ratio is 103.60%.

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.