Centersquare Investment Management LLC Sells 87,096 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Centersquare Investment Management LLC decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,191,779 shares of the real estate investment trust's stock after selling 87,096 shares during the period. Brixmor Property Group accounts for 2.4% of Centersquare Investment Management LLC's portfolio, making the stock its 13th largest position. Centersquare Investment Management LLC owned approximately 2.71% of Brixmor Property Group worth $228,059,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BRX. ExodusPoint Capital Management LP bought a new position in Brixmor Property Group during the 4th quarter valued at approximately $20,271,000. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group during the fourth quarter valued at $26,000. Geode Capital Management LLC raised its position in shares of Brixmor Property Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after purchasing an additional 38,911 shares during the last quarter. Diametric Capital LP bought a new position in Brixmor Property Group in the 4th quarter worth about $288,000. Finally, National Bank of Canada FI boosted its stake in Brixmor Property Group by 4.9% in the 4th quarter. National Bank of Canada FI now owns 231,800 shares of the real estate investment trust's stock worth $6,453,000 after purchasing an additional 10,900 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

BRX has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Evercore ISI raised 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 on the stock in a research note on Friday, February 28th. Wells Fargo & Company lowered their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Mizuho dropped their price objective 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded down $0.42 on Wednesday, hitting $22.64. 815,442 shares of the company's stock were exchanged, compared to its average volume of 2,490,541. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a 50-day simple moving average of $26.37 and a 200-day simple moving average of $27.38. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $6.93 billion, a PE ratio of 20.38, a PEG ratio of 2.66 and a beta of 1.30.

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, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is presently 103.60%.

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.