Raymond James Financial Inc. Purchases New Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Raymond James Financial Inc. bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 199,311 shares of the real estate investment trust's stock, valued at approximately $5,549,000. Raymond James Financial Inc. owned 0.07% of Brixmor Property Group as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BRX. Renaissance Technologies LLC boosted its holdings in shares of Brixmor Property Group by 47.0% in the 4th quarter. Renaissance Technologies LLC now owns 485,900 shares of the real estate investment trust's stock valued at $13,527,000 after acquiring an additional 155,400 shares during the last quarter. Invesco Ltd. grew its position in Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the period. Bank of Montreal Can raised its stake in shares of Brixmor Property Group by 5.4% during the 4th quarter. Bank of Montreal Can now owns 99,262 shares of the real estate investment trust's stock valued at $2,763,000 after buying an additional 5,124 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Brixmor Property Group by 912.6% in the 4th quarter. Federated Hermes Inc. now owns 322,336 shares of the real estate investment trust's stock valued at $8,974,000 after buying an additional 290,502 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Brixmor Property Group by 4.5% in the fourth quarter. Russell Investments Group Ltd. now owns 3,000,184 shares of the real estate investment trust's stock worth $83,525,000 after buying an additional 129,090 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BRX. Scotiabank decreased their price target on 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. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company decreased their price objective 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 dropped 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. Finally, Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.48.

Brixmor Property Group Stock Up 0.5 %

NYSE BRX traded up $0.14 during trading hours on Friday, hitting $25.83. 2,049,653 shares of the company were exchanged, compared to its average volume of 2,218,358. The company has a 50 day moving average of $25.92 and a two-hundred day moving average of $27.15. 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 Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its 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 return on equity of 11.72% and a net margin of 26.40%. Equities research analysts anticipate 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 was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.45%. The ex-dividend date was Wednesday, April 2nd. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. 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.