Russell Investments Group Ltd. Raises Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Russell Investments Group Ltd. grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,000,184 shares of the real estate investment trust's stock after acquiring an additional 129,090 shares during the period. Russell Investments Group Ltd. owned 0.99% of Brixmor Property Group worth $83,525,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BRX. V Square Quantitative Management LLC bought a new stake in shares of Brixmor Property Group during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC increased its position in 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 worth $26,000 after buying an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Quarry LP boosted its holdings in Brixmor Property Group by 36.3% in 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 period. Finally, UMB Bank n.a. grew its position in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 693 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Performance

Brixmor Property Group stock traded up $0.13 during mid-day trading on Friday, hitting $24.18. The company had a trading volume of 403,155 shares, compared to its average volume of 2,213,811. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.66 and a beta of 1.30. The company's fifty day moving average is $26.27 and its 200-day moving average is $27.31. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.76%. Brixmor Property Group's payout ratio is presently 103.60%.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of research reports. Wells Fargo & Company cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus lowered their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Scotiabank decreased their price objective 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 reduced their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.