Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 37.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,524 shares of the real estate investment trust’s stock after selling 4,585 shares during the quarter. Kestra Investment Management LLC’s holdings in Brixmor Property Group were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Brixmor Property Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock valued at $156,473,000 after buying an additional 44,485 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Brixmor Property Group by 3.3% in the 3rd 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 acquiring an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in shares of Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after acquiring an additional 959,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Brixmor Property Group by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock worth $65,900,000 after acquiring an additional 79,778 shares during the period. Finally, Captrust Financial Advisors purchased a new position in Brixmor Property Group during the third quarter worth about $46,695,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

BRX has been the topic of a number of analyst reports. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Tuesday, February 11th. Wells Fargo & Company decreased their price target on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. KeyCorp upped their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Mizuho raised their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.87.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $27.34 on Thursday. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a market capitalization of $8.36 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.68 and a beta of 1.58. 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 firm has a 50-day moving average price of $27.01 and a two-hundred day moving average price of $27.52.

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 return on equity of 11.72% and a net margin of 26.40%. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share 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 paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

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.