Gamco Investors INC. ET AL Sells 15,000 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Gamco Investors INC. ET AL trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 44.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,700 shares of the real estate investment trust's stock after selling 15,000 shares during the period. Gamco Investors INC. ET AL's holdings in Brixmor Property Group were worth $521,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BRX. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in Brixmor Property Group by 124.9% in the 4th 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 in the last quarter. Headlands Technologies LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth about $26,000. UMB Bank n.a. grew its stake in Brixmor Property Group by 73.5% during 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 acquiring an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 1,140 shares during the period. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded up $0.48 during trading on Tuesday, reaching $25.71. The company's stock had a trading volume of 1,732,817 shares, compared to its average volume of 2,213,610. 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 stock has a market capitalization of $7.87 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The stock has a 50-day moving average price of $26.03 and a two-hundred day moving average price of $27.18.

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 EPS for the quarter, beating 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%. As a group, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.47%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's payout ratio is presently 103.60%.

Analyst Ratings Changes

BRX has been the topic of several research reports. Mizuho dropped their price objective on shares of 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. Scotiabank lowered their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Evercore ISI upgraded shares of 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 note on Tuesday, February 11th. Stifel Nicolaus cut their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Wells Fargo & Company reduced their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and a consensus price target 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.