Snyder Capital Management L P Has $62.01 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Snyder Capital Management L P reduced its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,227,303 shares of the real estate investment trust's stock after selling 22,129 shares during the quarter. Brixmor Property Group accounts for about 1.3% of Snyder Capital Management L P's investment portfolio, making the stock its 27th largest holding. Snyder Capital Management L P owned about 0.74% of Brixmor Property Group worth $62,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Brixmor Property Group in the fourth quarter valued at $110,205,000. Invesco Ltd. grew its stake in Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after purchasing an additional 2,180,541 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Brixmor Property Group in the third quarter valued at about $25,492,000. ExodusPoint Capital Management LP acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $20,271,000. Finally, Capital World Investors bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $14,552,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Trading Up 0.5 %

NYSE:BRX traded up $0.14 during mid-day trading on Friday, hitting $25.83. The company had a trading volume of 2,049,653 shares, compared to its average volume of 2,218,358. The firm has a market cap of $7.90 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.66 and a beta of 1.30. The business's fifty day moving average is $25.92 and its two-hundred day moving average is $27.15. 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 Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $30.67.

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 (EPS) 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%. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.45%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio is 103.60%.

Wall Street Analyst Weigh In

BRX has been the subject of a number of research reports. 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 cut their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company dropped their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price 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 given a buy rating to the stock. Based on data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.48.

Brixmor Property Group 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.