Geode Capital Management LLC Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

Geode Capital Management LLC increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,653,925 shares of the real estate investment trust's stock after buying an additional 38,911 shares during the quarter. Geode Capital Management LLC owned about 1.87% of Brixmor Property Group worth $157,450,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Quarry LP increased its position 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 valued at $38,000 after acquiring an additional 364 shares during the period. US Bancorp DE lifted its holdings in shares of Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund grew its position in Brixmor Property Group by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock valued at $1,710,000 after buying an additional 434 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after buying an additional 441 shares during the period. Finally, CIBC Asset Management Inc raised its position in Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after buying an additional 511 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRX has been the topic of a number of recent analyst reports. Mizuho dropped their price target on shares of 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. Scotiabank cut their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Brixmor Property Group currently has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Price Performance

Shares of BRX stock traded up $0.39 during trading hours on Friday, hitting $24.44. The company's stock had a trading volume of 1,423,225 shares, compared to its average volume of 2,218,460. 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 business has a fifty day moving average of $26.25 and a 200-day moving average of $27.29. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 22.02, a P/E/G 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 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate 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. Investors of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.71%. Brixmor Property Group's payout ratio is presently 103.60%.

About Brixmor Property Group

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.