Thrivent Financial for Lutherans Grows Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Thrivent Financial for Lutherans raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 396,855 shares of the real estate investment trust’s stock after buying an additional 136,719 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of Brixmor Property Group worth $11,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC grew its position 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 valued at $26,000 after purchasing an additional 521 shares during the period. Quarry LP grew its position in shares of 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 purchasing an additional 364 shares during the period. UMB Bank n.a. grew its position in shares of Brixmor Property Group by 73.5% in 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 purchasing an additional 693 shares during the period. Finally, Venturi Wealth Management LLC grew its position 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 during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BRX. Stifel Nicolaus dropped their target price on shares of 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. 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 on the stock in a research report on Wednesday, January 29th. Mizuho lowered their price target on shares of 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. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, Scotiabank lowered their price target 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $25.61 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.66 and a beta of 1.59. The company’s 50-day moving average is $26.64 and its two-hundred day moving average is $27.59. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year 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, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.49%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is 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.