CANADA LIFE ASSURANCE Co Acquires 21,124 Shares of Brixmor Property Group Inc. (NYSE:BRX)

CANADA LIFE ASSURANCE Co increased its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 633,316 shares of the real estate investment trust's stock after purchasing an additional 21,124 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.21% of Brixmor Property Group worth $17,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Brixmor Property Group in the third quarter worth about $577,000. World Investment Advisors LLC bought a new stake in Brixmor Property Group during the 3rd quarter worth approximately $385,000. Tidal Investments LLC purchased a new position in Brixmor Property Group during the third quarter valued at approximately $472,000. Lord Abbett & CO. LLC bought a new position in shares of Brixmor Property Group in the third quarter worth approximately $25,492,000. Finally, GAMMA Investing LLC boosted its position in shares of Brixmor Property Group by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 631 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $25.51 on Monday. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.66 and a beta of 1.30. The firm's fifty day moving average is $26.12 and its 200 day moving average is $27.20. 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 (NYSE:BRX - Get Free Report) last announced its quarterly 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 net margin of 26.40% and a return on equity of 11.72%. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal 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 issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was 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 is presently 103.60%.

Wall Street Analyst Weigh In

BRX has been the topic of a number of analyst reports. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $28.00 to $33.00 in a research note 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 on the stock in a research report on Tuesday, February 11th. 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 report on Friday, February 28th. 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. Finally, Wells Fargo & Company dropped their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group presently has a consensus 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.

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