Victory Capital Management Inc. Lowers Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Victory Capital Management Inc. decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 67.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 60,001 shares of the real estate investment trust's stock after selling 126,917 shares during the quarter. Victory Capital Management Inc.'s holdings in Brixmor Property Group were worth $1,670,000 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 shares of Brixmor Property Group in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its holdings 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 raised its holdings in shares of Brixmor Property Group by 36.3% during the 3rd 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. UMB Bank n.a. raised its holdings in shares of Brixmor Property Group by 73.5% during 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 raised its holdings in shares of Brixmor Property Group by 140.9% during 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 Trading Down 1.4 %

Shares of BRX stock traded down $0.37 during trading hours on Friday, reaching $25.61. The company's stock had a trading volume of 3,458,003 shares, compared to its average volume of 2,099,386. 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 market capitalization of $7.83 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.66 and a beta of 1.59. The firm's fifty day simple moving average is $26.64 and its 200 day simple moving average is $27.59.

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 earnings per share 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%. Equities research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS 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 given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.49%. Brixmor Property Group's payout ratio is currently 103.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Scotiabank decreased their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Mizuho reduced 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. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company reduced 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. Finally, Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Four equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.56.

Brixmor Property Group 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.