Cullen Frost Bankers Inc. Purchases 2,419 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Cullen Frost Bankers Inc. lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 279.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,285 shares of the real estate investment trust’s stock after purchasing an additional 2,419 shares during the period. Cullen Frost Bankers Inc.’s holdings in Brixmor Property Group were worth $91,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position 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 grew its stake 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 acquiring an additional 364 shares during the period. UMB Bank n.a. grew its stake 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 acquiring an additional 693 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings 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 worth $54,000 after acquiring an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Mizuho dropped their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Truist Financial raised their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. KeyCorp boosted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Trading Down 0.2 %

BRX stock opened at $26.68 on Monday. The firm has a market cap of $8.16 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. The firm has a fifty day moving average price of $26.87 and a 200 day moving average price of $27.69. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced 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 is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.31%. Brixmor Property Group’s payout ratio is 103.60%.

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.