Duff & Phelps Investment Management Co. Decreases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Duff & Phelps Investment Management Co. trimmed its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,027,809 shares of the real estate investment trust’s stock after selling 328,270 shares during the period. Brixmor Property Group accounts for 1.3% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 27th largest holding. Duff & Phelps Investment Management Co. owned approximately 1.33% of Brixmor Property Group worth $112,134,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP grew its holdings in 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 valued at $38,000 after purchasing an additional 364 shares during the period. US Bancorp DE grew its holdings in shares of Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 405 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Brixmor Property Group by 0.7% in 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 acquiring an additional 434 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings 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 acquiring an additional 441 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.4 %

NYSE:BRX opened at $26.25 on Friday. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The firm’s 50-day moving average price is $26.62 and its 200-day moving average price is $27.55. The company has a market capitalization of $8.03 billion, a PE ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping 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 analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced 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 is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.38%. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BRX. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $33.00 in a research note on Friday, December 6th. 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 decreased their price target 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. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Finally, Scotiabank reduced their target price on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.