Voya Investment Management LLC Sells 23,827 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Voya Investment Management LLC lessened its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 605,125 shares of the real estate investment trust's stock after selling 23,827 shares during the quarter. Voya Investment Management LLC owned approximately 0.20% of Brixmor Property Group worth $16,847,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $385,000. Tidal Investments LLC acquired a new stake in Brixmor Property Group in the 3rd quarter valued at $472,000. Lord Abbett & CO. LLC bought a new stake in Brixmor Property Group during the 3rd quarter worth about $25,492,000. GAMMA Investing LLC boosted its stake in shares of Brixmor Property Group by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock worth $141,000 after buying an additional 631 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Brixmor Property Group in the 4th quarter valued at about $235,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 0.5 %

Shares of BRX stock opened at $25.83 on Monday. Brixmor Property Group Inc. has a 12-month low of $21.32 and a 12-month high of $30.67. The company has a market capitalization of $7.90 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The firm has a 50 day moving average price of $25.92 and a two-hundred day moving average price of $27.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

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, 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, analysts predict 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 was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a $0.2875 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.45%. Brixmor Property Group's payout ratio is 103.60%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BRX. Scotiabank reduced their price target on 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. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and raised their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus cut their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Finally, Mizuho dropped 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 investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.48.

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.

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