Resona Asset Management Co. Ltd. bought a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 120,313 shares of the real estate investment trust's stock, valued at approximately $3,320,000.
Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Brixmor Property Group in the 4th quarter worth $26,000. Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 124.9% during 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 period. Headlands Technologies LLC acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at $26,000. Quarry LP boosted its position in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 364 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Brixmor Property Group by 73.5% in the 4th 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 in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Brixmor Property Group Stock Performance
NYSE:BRX traded up $0.19 on Tuesday, hitting $25.23. The company's stock had a trading volume of 283,300 shares, compared to its average volume of 2,205,239. 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 Inc. has a one year low of $20.80 and a one year high of $30.67. The stock has a fifty day moving average of $26.23 and a two-hundred day moving average of $27.27. The firm has a market capitalization of $7.72 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.
Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS 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%. Research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.
Brixmor Property Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.56%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's payout ratio is currently 103.60%.
Analyst Ratings Changes
A number of equities research analysts have commented on BRX shares. 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 on the stock in a report on Wednesday, March 26th. Stifel Nicolaus dropped their price objective 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. Scotiabank lowered their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Mizuho dropped their price target on 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. Finally, Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.48.
Read Our Latest Report 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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