Keeley Teton Advisors LLC Sells 4,789 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Keeley Teton Advisors LLC lessened its position in Brixmor Property Group Inc. (NYSE:BRX) by 5.6% in the fourth quarter, HoldingsChannel reports. The fund owned 81,359 shares of the real estate investment trust’s stock after selling 4,789 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Brixmor Property Group were worth $2,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group during the 4th quarter valued at $26,000. Headlands Technologies LLC bought a new stake in shares of Brixmor Property Group during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC increased its position in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,140 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho lowered their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price target on shares of 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $24.98 on Wednesday. The business’s 50 day simple moving average is $26.21 and its 200 day simple moving average is $27.25. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 2.66 and a beta of 1.30. 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 issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 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%. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were given a $0.2875 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.60%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is 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.