Intech Investment Management LLC Increases Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Intech Investment Management LLC boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 106.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,896 shares of the real estate investment trust’s stock after purchasing an additional 52,475 shares during the period. Intech Investment Management LLC’s holdings in Brixmor Property Group were worth $2,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BRX. KBC Group NV boosted its position in Brixmor Property Group by 14.3% in the third quarter. KBC Group NV now owns 7,157 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 897 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of Brixmor Property Group during the 3rd quarter valued at about $247,000. Natixis Advisors LLC lifted its position in shares of Brixmor Property Group by 33.3% during the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 36,823 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after buying an additional 159,388 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Brixmor Property Group by 34.5% during the 3rd quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock valued at $740,000 after buying an additional 6,817 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Tuesday, February 11th. Mizuho decreased their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.56.

Brixmor Property Group Stock Performance

NYSE BRX opened at $26.04 on Thursday. The company has a market cap of $7.96 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The business’s 50 day moving average price is $26.65 and its 200-day moving average price is $27.61. 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 released its 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%. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current 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 given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.42%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is currently 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.