Brixmor Property Group Inc. (NYSE:BRX) Stock Holdings Lessened by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC reduced its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 32.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,190 shares of the real estate investment trust's stock after selling 83,750 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.06% of Brixmor Property Group worth $4,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc acquired a new position in Brixmor Property Group during the 3rd quarter worth approximately $247,000. Natixis Advisors LLC grew its holdings 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 valued at $4,108,000 after buying an additional 36,823 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Brixmor Property Group by 3.3% in the 3rd 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 purchasing an additional 159,388 shares during the last quarter. Cerity Partners LLC grew its stake in 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 worth $740,000 after acquiring an additional 6,817 shares during the period. Finally, Algert Global LLC boosted its stake in Brixmor Property Group by 128.9% in the 3rd quarter. Algert Global LLC now owns 477,318 shares of the real estate investment trust's stock worth $13,298,000 after buying an additional 268,816 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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Brixmor Property Group Price Performance

Shares of BRX stock traded up $0.33 during mid-day trading on Wednesday, hitting $26.33. 2,205,037 shares of the stock traded hands, compared to its average volume of 2,101,923. 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 company's 50-day simple moving average is $26.63 and its 200-day simple moving average is $27.56. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share 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%. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current 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 given a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 103.60%.

Wall Street Analysts Forecast Growth

BRX has been the subject of several research analyst reports. 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 research note on Friday, February 28th. 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 report on Friday, February 14th. BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Evercore ISI upgraded 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. Finally, Stifel Nicolaus dropped their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to 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.