Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 725,683 shares of the real estate investment trust's stock after selling 96,233 shares during the period. Sei Investments Co. owned about 0.24% of Brixmor Property Group worth $20,203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its position in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares during the period. Quarry LP grew its position in shares of 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 purchasing an additional 364 shares during the period. UMB Bank n.a. increased its stake 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 valued at $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Brixmor Property Group by 140.9% during 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 period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Remove Ads

Brixmor Property Group Stock Down 0.2 %

Shares of BRX traded down $0.06 during midday trading on Tuesday, reaching $26.49. 2,060,583 shares of the company were exchanged, compared to its average volume of 2,213,896. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The stock has a 50-day moving average price of $26.63 and a 200-day moving average price of $27.53. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.66 and a beta of 1.59.

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 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%. Research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.34%. This is a positive change 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 (DPR) is presently 103.60%.

Wall Street Analysts Forecast Growth

BRX has been the subject of several recent analyst reports. Evercore ISI upgraded 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. Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. 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 research note on Tuesday, February 25th. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Finally, BMO Capital Markets upgraded Brixmor Property Group from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

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.