Invesco Ltd. Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

Invesco Ltd. boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 61.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,748,492 shares of the real estate investment trust's stock after purchasing an additional 2,180,541 shares during the quarter. Invesco Ltd. owned about 1.90% of Brixmor Property Group worth $160,038,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BRX. Bank of Montreal Can increased its position in shares of Brixmor Property Group by 5.4% during the 4th quarter. Bank of Montreal Can now owns 99,262 shares of the real estate investment trust's stock valued at $2,763,000 after purchasing an additional 5,124 shares during the last quarter. Federated Hermes Inc. boosted its stake in Brixmor Property Group by 912.6% during the fourth quarter. Federated Hermes Inc. now owns 322,336 shares of the real estate investment trust's stock worth $8,974,000 after buying an additional 290,502 shares during the period. Russell Investments Group Ltd. increased its position in Brixmor Property Group by 4.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,000,184 shares of the real estate investment trust's stock valued at $83,525,000 after acquiring an additional 129,090 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Brixmor Property Group by 17.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 396,408 shares of the real estate investment trust's stock valued at $11,036,000 after acquiring an additional 58,275 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter worth about $383,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 1.7 %

BRX stock traded up $0.43 during trading on Friday, hitting $25.51. 2,004,399 shares of the company's stock traded hands, compared to its average volume of 2,208,130. The firm has a market capitalization of $7.80 billion, a P/E ratio of 22.98, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 1 year low of $21.01 and a 1 year high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The business has a fifty day simple moving average of $26.16 and a two-hundred day simple moving average of $27.22.

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, topping 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 anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were issued a $0.2875 dividend. 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 dividend yield of 4.51%. The ex-dividend date was Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 103.60%.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of recent analyst reports. Mizuho reduced 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 report on Tuesday, February 25th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Scotiabank decreased their price target on 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. Stifel Nicolaus reduced their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Four investment 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 stock has a consensus rating of "Moderate Buy" and an average target price 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.