Duff & Phelps Investment Management Co. Has $112.13 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Duff & Phelps Investment Management Co. lowered its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,027,809 shares of the real estate investment trust's stock after selling 328,270 shares during the period. Brixmor Property Group comprises 1.3% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 27th biggest position. Duff & Phelps Investment Management Co. owned approximately 1.33% of Brixmor Property Group worth $112,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter worth $26,000. Smartleaf Asset Management LLC grew its position in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the last quarter. Quarry LP lifted its stake in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 364 shares during the period. UMB Bank n.a. raised its position in Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Brixmor Property Group by 140.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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Analysts Set New Price Targets

BRX has been the topic of a number of research reports. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Scotiabank dropped 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 research note on Friday, February 28th. Wells Fargo & Company reduced their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Finally, Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Trading Up 0.1 %

Shares of BRX traded up $0.03 during mid-day trading on Tuesday, reaching $26.58. The company had a trading volume of 572,426 shares, compared to its average volume of 2,207,079. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. 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 firm has a fifty day simple moving average of $26.62 and a 200-day simple moving average of $27.54.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released 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 net margin of 26.40% and a return on equity of 11.72%. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.33%. Brixmor Property Group's dividend payout ratio is presently 103.60%.

About Brixmor Property Group

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.