Ceredex Value Advisors LLC Raises Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Ceredex Value Advisors LLC increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 552,850 shares of the real estate investment trust’s stock after purchasing an additional 32,950 shares during the period. Ceredex Value Advisors LLC’s holdings in Brixmor Property Group were worth $15,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Invesco Ltd. increased its position in Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after purchasing an additional 2,180,541 shares during the period. Geode Capital Management LLC increased its holdings in Brixmor Property Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after buying an additional 38,911 shares during the period. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter valued at approximately $110,205,000. Russell Investments Group Ltd. raised its stake in Brixmor Property Group by 4.5% in the fourth quarter. Russell Investments Group Ltd. now owns 3,000,184 shares of the real estate investment trust’s stock worth $83,525,000 after buying an additional 129,090 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Brixmor Property Group by 25.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,122,101 shares of the real estate investment trust’s stock worth $59,079,000 after buying an additional 430,802 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Trading Down 0.2 %

Shares of NYSE:BRX opened at $24.98 on Wednesday. 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 Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.66 and a beta of 1.30. The business has a 50-day moving average price of $26.21 and a 200-day moving average price of $27.25.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Equities analysts predict 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 was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were given a dividend of $0.2875 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BRX shares. Scotiabank reduced 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 reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. 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 note on Tuesday, February 11th. Finally, Mizuho lowered their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.48.

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.