Ceredex Value Advisors LLC Increases Stake in Brixmor Property Group Inc. (NYSE:BRX)

Ceredex Value Advisors LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 552,850 shares of the real estate investment trust’s stock after buying an additional 32,950 shares during the period. Ceredex Value Advisors LLC owned 0.18% of Brixmor Property Group worth $15,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho decreased their price target 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. Wells Fargo & Company lowered their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report 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 target for the company in a 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group Stock Down 0.2 %

Shares of NYSE:BRX opened at $24.98 on Wednesday. The firm has a market capitalization of $7.64 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The business has a 50 day simple moving average of $26.21 and a two-hundred day simple moving average of $27.25. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data 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%. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

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