Wealthfront Advisers LLC Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Wealthfront Advisers LLC bought a new position in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,029 shares of the real estate investment trust’s stock, valued at approximately $1,699,000.

A number of other institutional investors have also recently modified their holdings of the stock. Quarry LP grew its stake in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Brixmor Property Group by 0.7% during the fourth 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 buying 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 fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 441 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 511 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their price objective on 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. Jefferies Financial Group raised 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. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Finally, Truist Financial raised their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Stock Up 1.0 %

NYSE BRX opened at $25.50 on Friday. The stock’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 Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a market capitalization of $7.80 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research 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 will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is 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.