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

Natixis increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 439.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 412,011 shares of the real estate investment trust’s stock after acquiring an additional 335,697 shares during the quarter. Natixis owned about 0.14% of Brixmor Property Group worth $11,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BRX. Sanctuary Advisors LLC purchased a new position in shares of Brixmor Property Group in the third quarter worth about $577,000. World Investment Advisors LLC bought a new position in Brixmor Property Group in the 3rd quarter worth approximately $385,000. Tidal Investments LLC purchased a new position in Brixmor Property Group in the 3rd quarter valued at approximately $472,000. Lord Abbett & CO. LLC bought a new stake in Brixmor Property Group during the 3rd quarter valued at $25,492,000. Finally, GAMMA Investing LLC lifted its position in shares of Brixmor Property Group by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 631 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Performance

NYSE BRX opened at $25.51 on Friday. The company has a market capitalization of $7.80 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.66 and a beta of 1.30. 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 Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The company has a fifty day moving average of $26.12 and a 200-day moving average of $27.20.

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, topping 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%. As a group, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Analyst Ratings Changes

BRX has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on 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. Mizuho reduced their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Scotiabank decreased their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research 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 target price on the stock in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.