Proficio Capital Partners LLC Invests $620,000 in Brixmor Property Group Inc. (NYSE:BRX)

Proficio Capital Partners LLC bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,272 shares of the real estate investment trust's stock, valued at approximately $620,000.

A number of other institutional investors have also modified their holdings of BRX. Geode Capital Management LLC increased its position in Brixmor Property Group by 0.8% during 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. grew its holdings in Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock worth $138,185,000 after acquiring an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI raised its position in Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust's stock worth $86,499,000 after acquiring an additional 959,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Brixmor Property Group in the third quarter valued at $46,695,000. Institutional investors and hedge funds own 98.43% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Scotiabank cut their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Mizuho decreased their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. 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. Finally, Stifel Nicolaus decreased their target price 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 investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Trading Down 0.4 %

Shares of BRX traded down $0.09 on Thursday, hitting $26.25. 5,001,418 shares of the stock traded hands, compared to its average volume of 2,478,207. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The stock's 50 day moving average is $26.63 and its two-hundred day moving average is $27.56. The firm has a market capitalization of $8.03 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) 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, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued 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 dividend yield of 4.38%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio is presently 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.