Invesco Ltd. Raises Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Invesco Ltd. boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 61.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,748,492 shares of the real estate investment trust’s stock after buying an additional 2,180,541 shares during the period. Invesco Ltd.’s holdings in Brixmor Property Group were worth $160,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of BRX. Geode Capital Management LLC raised its stake in shares of Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock worth $157,450,000 after acquiring an additional 38,911 shares in the last quarter. Norges Bank purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at $110,205,000. Russell Investments Group Ltd. lifted its holdings in shares of Brixmor Property Group by 4.5% during the 4th quarter. Russell Investments Group Ltd. now owns 3,000,184 shares of the real estate investment trust’s stock valued at $83,525,000 after purchasing an additional 129,090 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Brixmor Property Group by 25.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,122,101 shares of the real estate investment trust’s stock worth $59,079,000 after purchasing an additional 430,802 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Brixmor Property Group by 16.4% during the 4th quarter. Prudential Financial Inc. now owns 2,109,892 shares of the real estate investment trust’s stock worth $58,739,000 after buying an additional 296,570 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRX shares. Wells Fargo & Company lowered their price target on 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. Scotiabank decreased 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. Mizuho lowered their price objective 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. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Stock Up 1.6 %

Shares of BRX stock opened at $24.44 on Friday. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The stock 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. The stock has a 50 day moving average of $26.25 and a 200 day moving average of $27.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

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 for the quarter, beating the consensus estimate 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, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This is a boost 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%. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

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.