JPMorgan Chase & Co. Has $65.17 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

JPMorgan Chase & Co. reduced its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,340,865 shares of the real estate investment trust's stock after selling 1,423,821 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.77% of Brixmor Property Group worth $65,170,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BRX. Quarry LP lifted its holdings in shares of Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 364 shares during the period. US Bancorp DE lifted its stake in Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Brixmor Property Group by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock valued at $1,710,000 after purchasing an additional 434 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after purchasing an additional 441 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after buying an additional 511 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BRX shares. Mizuho lowered their price target on 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. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. 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 report on Tuesday, February 11th. Finally, Scotiabank dropped their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

Brixmor Property Group Stock Up 7.6 %

Shares of BRX stock traded up $1.75 during trading hours on Wednesday, hitting $24.81. 2,813,285 shares of the company were exchanged, compared to its average volume of 2,220,786. The company has a market capitalization of $7.59 billion, a PE ratio of 22.35, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The business has a 50 day moving average of $26.31 and a two-hundred day moving average of $27.34. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.64%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

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.