United Services Automobile Association Lowers Holdings in Brixmor Property Group Inc. (NYSE:BRX)

United Services Automobile Association lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,469 shares of the real estate investment trust’s stock after selling 560 shares during the period. United Services Automobile Association’s holdings in Brixmor Property Group were worth $542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BRX. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Brixmor Property Group by 124.9% during 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 in the last quarter. Quarry LP increased its holdings in Brixmor Property Group by 36.3% during 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 during the period. UMB Bank n.a. raised its stake in 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 worth $46,000 after buying an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Brixmor Property Group by 140.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,140 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Up 1.9 %

Shares of NYSE BRX opened at $26.09 on Tuesday. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The company’s 50-day simple moving average is $26.63 and its 200-day simple moving average is $27.58. 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 announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. 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 dividend on an annualized basis and a yield of 4.41%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Evercore ISI raised 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 lowered their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $33.00 in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

About Brixmor Property Group

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.