Elo Mutual Pension Insurance Co Invests $283,000 in Brixmor Property Group Inc. (NYSE:BRX)

Elo Mutual Pension Insurance Co bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,173 shares of the real estate investment trust's stock, valued at approximately $283,000.

A number of other large investors have also made changes to their positions in the stock. Glenmede Trust Co. NA boosted its stake in Brixmor Property Group by 222.1% during the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust's stock worth $1,050,000 after buying an additional 26,000 shares during the last quarter. Vestcor Inc purchased a new position in shares of Brixmor Property Group during the 3rd quarter worth $776,000. Park Avenue Securities LLC boosted its position in shares of Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock valued at $720,000 after acquiring an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $620,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Brixmor Property Group by 38.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock worth $6,073,000 after purchasing an additional 60,567 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 4.1 %

Shares of BRX traded down $1.01 during mid-day trading on Friday, hitting $23.96. 3,429,870 shares of the company's stock were exchanged, compared to its average volume of 2,219,075. The stock's 50-day moving average is $26.57 and its 200-day moving average is $27.48. 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 $20.80 and a fifty-two week high of $30.67. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.66 and a beta of 1.30.

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Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. 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 yield of 4.80%. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.

Analyst Ratings Changes

BRX has been the topic of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Jefferies Financial Group upgraded 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 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 target price for the company in a research note on Tuesday, February 11th. Mizuho decreased their price target 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. Finally, Wells Fargo & Company lowered their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.