Ingalls & Snyder LLC Sells 5,573 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Ingalls & Snyder LLC decreased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 111,707 shares of the real estate investment trust’s stock after selling 5,573 shares during the period. Ingalls & Snyder LLC’s holdings in Brixmor Property Group were worth $3,110,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its position in Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after acquiring an additional 26,000 shares during the period. Vestcor Inc purchased a new position in shares of Brixmor Property Group in the third quarter worth about $776,000. Charles Schwab Investment Management Inc. increased its stake in shares of Brixmor Property Group by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after purchasing an additional 159,388 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 12,593 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after purchasing an additional 36,823 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BRX shares. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Tuesday. KeyCorp lifted their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Mizuho lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company reduced their target price 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $30.69.

Brixmor Property Group Price Performance

BRX stock opened at $27.56 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The stock has a market cap of $8.32 billion, a PE ratio of 25.52, a P/E/G ratio of 2.54 and a beta of 1.58. The firm has a 50 day simple moving average of $27.18 and a two-hundred day simple moving average of $27.44.

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 analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. On average, analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 4.17%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is currently 106.48%.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

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.