98,466 Shares in Brixmor Property Group Inc. (NYSE:BRX) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,466 shares of the real estate investment trust’s stock, valued at approximately $2,741,000.

Several other institutional investors have also recently made changes to their positions in 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 valued at $38,000 after buying an additional 364 shares in the last quarter. US Bancorp DE grew its position in shares of Brixmor Property Group by 5.3% in the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 405 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after purchasing an additional 434 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 441 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Brixmor Property Group by 5.8% in 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 during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Trading Down 0.7 %

Shares of NYSE:BRX opened at $26.09 on Friday. The business’s 50 day simple moving average is $26.62 and its 200 day simple moving average is $27.55. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $7.98 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last released 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 return on equity of 11.72% and a net margin of 26.40%. On average, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.41%. Brixmor Property Group’s payout ratio is presently 103.60%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRX. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Tuesday, February 11th. Scotiabank dropped 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 note on Friday, February 28th. Wells Fargo & Company reduced their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday. Jefferies Financial Group raised shares of 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. Finally, BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

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.