Guggenheim Capital LLC Sells 115,440 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Guggenheim Capital LLC lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 82.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,858 shares of the real estate investment trust's stock after selling 115,440 shares during the period. Guggenheim Capital LLC's holdings in Brixmor Property Group were worth $692,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Brixmor Property Group in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 521 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings in Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in 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 worth $54,000 after purchasing an additional 1,140 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Up 0.5 %

Shares of Brixmor Property Group stock traded up $0.14 on Friday, hitting $25.83. 2,049,653 shares of the company traded hands, compared to its average volume of 2,218,358. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. The company has a 50-day moving average price of $25.92 and a 200 day moving average price of $27.15. The company has a market cap of $7.90 billion, a PE ratio of 23.27, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced 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%. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were issued a $0.2875 dividend. The ex-dividend date was Wednesday, April 2nd. This is a boost 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 4.45%. Brixmor Property Group's dividend payout ratio is currently 103.60%.

Analyst Ratings Changes

BRX has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective 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. Scotiabank reduced 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 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 target price on the stock in a report on Tuesday, February 11th. Mizuho reduced 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. Finally, Wells Fargo & Company dropped 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

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.