EverSource Wealth Advisors LLC Boosts Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

EverSource Wealth Advisors LLC lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 10,846.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,911 shares of the real estate investment trust’s stock after acquiring an additional 5,857 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Brixmor Property Group were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter worth $26,000. Smartleaf Asset Management LLC raised its position 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 acquiring an additional 521 shares in the last quarter. Quarry LP boosted its position in Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. UMB Bank n.a. grew its stake in 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 valued at $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,140 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRX. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Scotiabank reduced 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 lowered their price objective on 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. Mizuho reduced their target price on 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. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group Stock Performance

BRX opened at $25.95 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The firm has a 50 day moving average of $26.66 and a two-hundred day moving average of $27.63. The firm has a market capitalization of $7.94 billion, a PE ratio of 23.38, a P/E/G 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, topping 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%. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.43%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) 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.