Prudential Financial Inc. Grows Position in Brixmor Property Group Inc. (NYSE:BRX)

Prudential Financial Inc. boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,109,892 shares of the real estate investment trust’s stock after acquiring an additional 296,570 shares during the quarter. Prudential Financial Inc. owned 0.70% of Brixmor Property Group worth $58,739,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its holdings in 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 valued at $26,000 after buying an additional 521 shares during the last quarter. Quarry LP raised its stake in Brixmor Property Group by 36.3% in the third 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. lifted its holdings in 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 worth $46,000 after buying an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position 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 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Scotiabank dropped 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. Stifel Nicolaus reduced 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 report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Stock Up 1.9 %

BRX opened at $26.09 on Tuesday. The business has a 50 day moving average price of $26.63 and a two-hundred day moving average price of $27.58. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a market cap of $7.98 billion, a PE ratio of 23.50, 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 released its quarterly 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, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company 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 an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.41%. Brixmor Property Group’s payout ratio is presently 103.60%.

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.