Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 912.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 322,336 shares of the real estate investment trust's stock after buying an additional 290,502 shares during the quarter. Federated Hermes Inc. owned about 0.11% of Brixmor Property Group worth $8,974,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vestcor Inc acquired a new stake in Brixmor Property Group in the 3rd quarter worth approximately $776,000. Park Avenue Securities LLC grew its holdings in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock valued at $720,000 after buying an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at $620,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brixmor Property Group by 38.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock worth $6,073,000 after acquiring an additional 60,567 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth about $1,699,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.48 during mid-day trading on Wednesday, hitting $25.45. 224,834 shares of the company were exchanged, compared to its average volume of 2,455,074. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 1-year low of $20.98 and a 1-year high of $30.67. The company has a 50 day moving average of $26.21 and a 200-day moving average of $27.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

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 return on equity of 11.72% and a net margin of 26.40%. Analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's payout ratio is 103.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Scotiabank cut their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Mizuho reduced their price target on shares of 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. Stifel Nicolaus decreased 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. Wells Fargo & Company reduced their target price on shares of 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, Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Brixmor Property Group currently has an average rating of "Moderate Buy" and a consensus 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.