Natixis Purchases 335,697 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Natixis boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 439.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 412,011 shares of the real estate investment trust’s stock after buying an additional 335,697 shares during the quarter. Natixis’ holdings in Brixmor Property Group were worth $11,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of Brixmor Property Group in the third quarter valued at about $577,000. World Investment Advisors LLC purchased a new stake in shares of Brixmor Property Group during the third quarter worth about $385,000. Tidal Investments LLC bought a new stake in shares of Brixmor Property Group in the third quarter worth about $472,000. Lord Abbett & CO. LLC bought a new position in Brixmor Property Group during the 3rd quarter valued at approximately $25,492,000. Finally, GAMMA Investing LLC lifted its holdings in Brixmor Property Group by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 631 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 1.7 %

NYSE BRX opened at $25.51 on Friday. The stock’s fifty day moving average price is $26.12 and its 200-day moving average price is $27.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market cap of $7.80 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 12 month low of $21.32 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX) last released 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 net margin of 26.40% and a return on equity of 11.72%. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were issued a $0.2875 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Wednesday, April 2nd. Brixmor Property Group’s payout ratio is presently 103.60%.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of recent analyst reports. Mizuho decreased their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price objective 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 raised shares of 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. Scotiabank reduced 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. Finally, 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 report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.48.

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.