Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 52.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 396,855 shares of the real estate investment trust's stock after buying an additional 136,719 shares during the period. Thrivent Financial for Lutherans owned approximately 0.13% of Brixmor Property Group worth $11,048,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC increased its holdings in 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 valued at $26,000 after purchasing an additional 521 shares during the last quarter. Quarry LP raised 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 purchasing an additional 364 shares during the period. UMB Bank n.a. lifted its stake in Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of 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. Institutional investors and hedge funds own 98.43% of the company's stock.

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Brixmor Property Group Stock Up 1.3 %

Shares of NYSE:BRX traded up $0.33 on Wednesday, hitting $26.33. 1,660,237 shares of the company's stock were exchanged, compared to its average volume of 2,098,734. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The company has a market capitalization of $8.05 billion, a PE ratio of 23.72, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The firm's 50-day moving average is $26.62 and its 200 day moving average is $27.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company 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 dividend of $0.2875 per share. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BRX shares. Wells Fargo & Company cut their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday. Stifel Nicolaus reduced 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 research report on Tuesday, February 11th. Mizuho dropped their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Tuesday, February 11th. Finally, Scotiabank decreased 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 research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.