Legal & General Group Plc Sells 292,488 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Legal & General Group Plc lowered its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,970,883 shares of the real estate investment trust's stock after selling 292,488 shares during the period. Legal & General Group Plc owned about 0.65% of Brixmor Property Group worth $54,869,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after buying an additional 405 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Brixmor Property Group by 0.7% during the 4th 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 during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 441 shares during the period. CIBC Asset Management Inc grew its position in Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock valued at $261,000 after buying an additional 511 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after buying an additional 521 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BRX. Wells Fargo & Company reduced 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 report on Wednesday, March 26th. Stifel Nicolaus reduced their target price on shares of 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 raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Scotiabank reduced 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 report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Trading Up 3.0 %

NYSE BRX traded up $0.75 during trading on Thursday, hitting $25.83. The company had a trading volume of 306,627 shares, compared to its average volume of 2,197,695. The company's fifty day moving average is $26.17 and its 200-day moving average is $27.24. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. 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 Inc. has a one year low of $20.98 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 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%. On average, 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 given a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.45%. Brixmor Property Group's dividend payout ratio 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.