Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by LSV Asset Management

LSV Asset Management cut its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 20.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,646,669 shares of the real estate investment trust’s stock after selling 422,131 shares during the period. LSV Asset Management’s holdings in Brixmor Property Group were worth $45,843,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 124.9% in the 4th 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. Headlands Technologies LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at about $26,000. UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Brixmor Property Group by 140.9% in 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 hedge funds and other institutional investors.

Brixmor Property Group Stock Up 1.6 %

Shares of Brixmor Property Group stock opened at $24.44 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The business has a 50-day moving average price of $26.25 and a 200 day moving average price of $27.29. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The firm has a market cap of $7.48 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results 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%. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BRX. Wells Fargo & Company dropped their target price on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Mizuho dropped their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Scotiabank lowered their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Stifel Nicolaus dropped 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. Finally, 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.