Intech Investment Management LLC Has $2.84 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Intech Investment Management LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 106.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,896 shares of the real estate investment trust's stock after buying an additional 52,475 shares during the quarter. Intech Investment Management LLC's holdings in Brixmor Property Group were worth $2,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BRX. KBC Group NV lifted its stake in Brixmor Property Group by 14.3% during the third quarter. KBC Group NV now owns 7,157 shares of the real estate investment trust's stock valued at $199,000 after purchasing an additional 897 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Brixmor Property Group in the 3rd quarter valued at approximately $247,000. Natixis Advisors LLC grew its position in Brixmor Property Group by 33.3% during the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust's stock worth $4,108,000 after purchasing an additional 36,823 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock valued at $138,185,000 after buying an additional 159,388 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Brixmor Property Group by 34.5% in the 3rd quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust's stock valued at $740,000 after purchasing an additional 6,817 shares during the period. 98.43% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several analysts recently issued reports on BRX shares. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Tuesday, February 11th. Jefferies Financial Group upgraded 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. Finally, Scotiabank lowered their target price on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $30.56.

Brixmor Property Group Price Performance

Brixmor Property Group stock traded up $0.49 on Monday, reaching $26.09. The company's stock had a trading volume of 2,271,853 shares, compared to its average volume of 2,099,406. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.66 and a beta of 1.59. 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 business's fifty day moving average price is $26.64 and its 200 day moving average price is $27.59.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 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%. Equities analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 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.