Boston Partners lowered its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 42.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 511,593 shares of the real estate investment trust's stock after selling 372,620 shares during the quarter. Boston Partners owned about 0.17% of Brixmor Property Group worth $14,237,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in BRX. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position in shares of Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares during the period. Quarry LP raised its position 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 valued at $38,000 after purchasing an additional 364 shares during the period. UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC increased 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 worth $54,000 after buying an additional 1,140 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Mizuho lowered their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Four 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.56.
Get Our Latest Report on Brixmor Property Group
Brixmor Property Group Trading Down 0.3 %
BRX traded down $0.09 on Tuesday, hitting $26.01. The company had a trading volume of 2,176,759 shares, compared to its average volume of 2,098,795. The business's fifty day simple moving average is $26.63 and its 200 day simple moving average is $27.58. 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 Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a market cap of $7.96 billion, a PE ratio of 23.43, a PEG ratio of 2.66 and a beta of 1.59.
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, 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%. Equities research analysts expect 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. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.
Brixmor Property Group 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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