Natixis Advisors LLC Sells 14,285 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Natixis Advisors LLC lowered its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,192 shares of the real estate investment trust's stock after selling 14,285 shares during the period. Natixis Advisors LLC's holdings in Brixmor Property Group were worth $3,708,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in Brixmor Property Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust's stock worth $156,473,000 after purchasing an additional 44,485 shares during the period. Charles Schwab Investment Management Inc. increased 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 buying an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI boosted its stake in shares of Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock valued at $86,499,000 after buying an additional 959,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Brixmor Property Group by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust's stock worth $65,900,000 after acquiring an additional 79,778 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Brixmor Property Group during the third quarter worth $46,695,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Wells Fargo & Company cut their price objective 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. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Mizuho cut their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded up $0.33 during trading on Wednesday, hitting $26.33. 1,660,237 shares of the stock were exchanged, compared to its average volume of 2,424,383. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The company's fifty day simple moving average is $26.62 and its 200-day simple moving average is $27.57.

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 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%. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.37%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is currently 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.