LSV Asset Management Decreases Stake in Brixmor Property Group Inc. (NYSE:BRX)

LSV Asset Management cut its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,646,669 shares of the real estate investment trust's stock after selling 422,131 shares during the quarter. LSV Asset Management owned about 0.55% of Brixmor Property Group worth $45,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BRX. XTX Topco Ltd bought a new stake in shares of Brixmor Property Group during the third quarter worth $669,000. M&T Bank Corp increased its stake in Brixmor Property Group by 0.5% in the 3rd quarter. M&T Bank Corp now owns 161,926 shares of the real estate investment trust's stock worth $4,511,000 after buying an additional 869 shares during the period. Vestcor Inc bought a new stake in Brixmor Property Group during the 3rd quarter valued at about $776,000. Geode Capital Management LLC boosted its position in Brixmor Property Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust's stock valued at $156,473,000 after buying an additional 44,485 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Brixmor Property Group in the 3rd quarter worth about $577,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded up $0.52 on Thursday, hitting $25.60. 433,945 shares of the company were exchanged, compared to its average volume of 2,198,234. 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 stock's 50 day moving average price is $26.17 and its 200 day moving average price is $27.24. Brixmor Property Group Inc. has a 1-year low of $20.98 and a 1-year high of $30.67. The firm has a market capitalization of $7.83 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) 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%. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.49%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.

Analyst Ratings Changes

A number of analysts recently issued reports on BRX shares. Wells Fargo & Company lowered their price target on 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. Mizuho dropped their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Scotiabank decreased their price objective on 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. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.