Brixmor Property Group Inc. (NYSE:BRX) Stake Lifted by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 42.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 87,658 shares of the real estate investment trust’s stock after buying an additional 26,223 shares during the period. Pinebridge Investments L.P.’s holdings in Brixmor Property Group were worth $2,440,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. US Bancorp DE boosted its stake in Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 405 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Brixmor Property Group by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock valued at $1,710,000 after acquiring an additional 434 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 441 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 511 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of 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 worth $26,000 after purchasing an additional 521 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRX has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company reduced their target price 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. Mizuho dropped their price target on 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. 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 note on Tuesday, February 11th. Finally, Stifel Nicolaus dropped 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 research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group Stock Up 0.5 %

Shares of BRX opened at $25.83 on Friday. The business’s fifty day moving average price is $25.92 and its two-hundred day moving average price is $27.15. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.45%. Brixmor Property Group’s payout ratio is currently 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.