Capital World Investors Invests $14.55 Million in Brixmor Property Group Inc. (NYSE:BRX)

Capital World Investors bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 522,713 shares of the real estate investment trust's stock, valued at approximately $14,552,000. Capital World Investors owned approximately 0.17% of Brixmor Property Group as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group during the fourth quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 521 shares during the period. UMB Bank n.a. lifted its stake in Brixmor Property Group by 73.5% in 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 lifted its position in shares of Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,140 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Down 0.2 %

NYSE BRX traded down $0.06 during trading hours on Thursday, reaching $25.70. The company had a trading volume of 2,251,762 shares, compared to its average volume of 2,216,175. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The stock has a market capitalization of $7.86 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The stock has a 50-day moving average of $25.95 and a 200 day moving average of $27.16. The company has a current ratio of 1.16, a quick 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 data 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 anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were issued a $0.2875 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.47%. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their price target 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, Wells Fargo & Company reduced their price objective 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.