Great Lakes Advisors LLC Increases Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Great Lakes Advisors LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,816 shares of the real estate investment trust’s stock after buying an additional 7,197 shares during the period. Great Lakes Advisors LLC’s holdings in Brixmor Property Group were worth $4,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. Assetmark Inc. boosted its position in Brixmor Property Group by 5.4% in the 3rd quarter. Assetmark Inc. now owns 28,312 shares of the real estate investment trust’s stock valued at $789,000 after buying an additional 1,456 shares during the last quarter. KBC Group NV boosted its position in Brixmor Property Group by 14.3% in the 3rd quarter. KBC Group NV now owns 7,157 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 897 shares during the last quarter. Metis Global Partners LLC boosted its position in Brixmor Property Group by 29.7% in the 3rd quarter. Metis Global Partners LLC now owns 31,021 shares of the real estate investment trust’s stock valued at $864,000 after buying an additional 7,103 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Brixmor Property Group in the 3rd quarter valued at about $247,000. Finally, Natixis Advisors LLC boosted its position in Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 36,823 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Truist Financial increased their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Mizuho reduced 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 report on Tuesday, February 25th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Stifel Nicolaus reduced their price target 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Price Performance

BRX opened at $25.50 on Friday. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The company’s 50-day moving average price is $26.72 and its 200 day moving average price is $27.65. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS 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 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.51%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

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.