Natixis Buys 335,697 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Natixis lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 439.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 412,011 shares of the real estate investment trust's stock after buying an additional 335,697 shares during the quarter. Natixis owned about 0.14% of Brixmor Property Group worth $11,470,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Brixmor Property Group by 124.9% in the 4th 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. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at $26,000. UMB Bank n.a. raised its position in Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 693 shares during the period. Finally, Venturi Wealth Management LLC increased its position in Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,140 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on BRX. 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. Scotiabank decreased their price target 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. Evercore ISI upgraded 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. Wells Fargo & Company dropped 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 note on Wednesday, March 26th. Finally, Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

Brixmor Property Group Stock Performance

NYSE:BRX traded up $0.11 during mid-day trading on Wednesday, reaching $25.80. The company's stock had a trading volume of 2,156,089 shares, compared to its average volume of 2,214,645. The firm's fifty day moving average price is $25.99 and its two-hundred day moving average price is $27.17. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. The stock has a market cap of $7.89 billion, a P/E ratio of 23.24, a PEG 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 (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 the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were paid a $0.2875 dividend. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.46%. Brixmor Property Group's dividend payout ratio is 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.