Massachusetts Financial Services Co. MA decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,992,600 shares of the real estate investment trust's stock after selling 262,580 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.65% of Brixmor Property Group worth $222,514,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $26,000. Geode Capital Management LLC boosted its stake in shares of Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock valued at $157,450,000 after purchasing an additional 38,911 shares in the last quarter. Diametric Capital LP purchased a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $288,000. National Bank of Canada FI grew its stake in Brixmor Property Group by 4.9% in the fourth quarter. National Bank of Canada FI now owns 231,800 shares of the real estate investment trust's stock worth $6,453,000 after purchasing an additional 10,900 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Brixmor Property Group by 25.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,122,101 shares of the real estate investment trust's stock worth $59,079,000 after buying an additional 430,802 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.
Brixmor Property Group Stock Up 7.6 %
NYSE:BRX traded up $1.75 during trading hours on Wednesday, reaching $24.81. The company's stock had a trading volume of 2,813,285 shares, compared to its average volume of 2,220,782. 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 has a market capitalization of $7.59 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The stock has a 50 day moving average price of $26.31 and a two-hundred day moving average price of $27.34. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67.
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 earnings per share (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 predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.
Brixmor Property Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is currently 103.60%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Mizuho cut 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. Wells Fargo & Company reduced their price objective on 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. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their price objective 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. Finally, Scotiabank lowered their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average target price of $30.48.
Check Out Our Latest Analysis on Brixmor Property Group
About Brixmor Property Group
(
Free Report)
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.
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