Franklin Resources Inc. lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,688,070 shares of the real estate investment trust's stock after buying an additional 21,719 shares during the period. Franklin Resources Inc. owned about 3.54% of Brixmor Property Group worth $297,556,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its position in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 521 shares in the last quarter. Quarry LP raised its stake in shares of 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 worth $38,000 after buying an additional 364 shares during the last quarter. UMB Bank n.a. boosted its position in shares of 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 worth $46,000 after buying an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake 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 valued at $54,000 after acquiring an additional 1,140 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have issued reports on BRX. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Mizuho cut their price objective on 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. Wells Fargo & Company lowered their target price 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. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and increased their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.48.
Check Out Our Latest Report on Brixmor Property Group
Brixmor Property Group Trading Down 4.1 %
BRX stock traded down $1.01 on Friday, hitting $23.96. 3,429,870 shares of the company were exchanged, compared to its average volume of 2,221,654. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The business's fifty day moving average is $26.57 and its two-hundred day moving average is $27.48.
Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, 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 paid a $0.2875 dividend. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's payout ratio is currently 103.60%.
Brixmor Property Group Company Profile
(
Free Report)
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.
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