Vanguard Group Inc. Cuts Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Vanguard Group Inc. reduced its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,360,278 shares of the real estate investment trust's stock after selling 23,136 shares during the period. Vanguard Group Inc. owned about 15.02% of Brixmor Property Group worth $1,262,830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased 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 acquiring an additional 521 shares during the period. Quarry LP raised its stake in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 364 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,140 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company lowered their price target on 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. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $28.00 to $33.00 in a report on Friday, February 14th. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Scotiabank cut their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to 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 Stock Down 0.2 %

BRX traded down $0.06 during midday trading on Tuesday, reaching $26.49. The company's stock had a trading volume of 2,060,583 shares, 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's 50-day moving average is $26.63 and its 200-day moving average is $27.53. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.66 and a beta of 1.59. 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 (NYSE:BRX - Get Free Report) last posted its quarterly 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%. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, April 2nd. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.34%. Brixmor Property Group's dividend payout ratio (DPR) is presently 103.60%.

About Brixmor Property Group

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.