Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Boston Partners

Boston Partners cut its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 42.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 511,593 shares of the real estate investment trust’s stock after selling 372,620 shares during the period. Boston Partners owned approximately 0.17% of Brixmor Property Group worth $14,237,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Brixmor Property Group during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its stake 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 worth $26,000 after acquiring an additional 521 shares during the last quarter. Quarry LP increased 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 worth $38,000 after purchasing an additional 364 shares during the period. UMB Bank n.a. increased its stake in 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 valued at $46,000 after acquiring an additional 693 shares during the period. Finally, Venturi Wealth Management LLC raised 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 valued at $54,000 after purchasing an additional 1,140 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 0.2 %

Brixmor Property Group stock opened at $25.97 on Friday. The firm has a 50 day moving average price of $26.64 and a 200-day moving average price of $27.60. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a market capitalization of $7.94 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.66 and a beta of 1.59. 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) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS 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, equities analysts predict 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. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.43%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is 103.60%.

Wall Street Analyst Weigh In

BRX has been the subject of a number of analyst reports. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. 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 report on Friday, February 28th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Mizuho dropped 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.