Vestcor Inc Buys 85,379 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Vestcor Inc lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 306.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 113,235 shares of the real estate investment trust's stock after acquiring an additional 85,379 shares during the quarter. Vestcor Inc's holdings in Brixmor Property Group were worth $3,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its stake 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 valued at $26,000 after buying an additional 521 shares in the last quarter. Quarry LP boosted its holdings in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after buying an additional 364 shares during the period. UMB Bank n.a. grew its stake in 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 valued at $46,000 after buying an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 1,140 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Remove Ads

Brixmor Property Group Price Performance

NYSE:BRX traded up $0.08 during midday trading on Tuesday, hitting $26.03. The company had a trading volume of 2,147,033 shares, compared to its average volume of 2,111,669. The stock's fifty day moving average price is $26.66 and its 200-day moving average price is $27.63. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $7.96 billion, a PE ratio of 23.45, a P/E/G ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating 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 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. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. 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 payout ratio is presently 103.60%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BRX. Scotiabank cut 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. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Tuesday, February 11th. Wells Fargo & Company decreased their price target on Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Mizuho decreased their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.56.

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.