Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,000,184 shares of the real estate investment trust’s stock after acquiring an additional 129,090 shares during the period. Russell Investments Group Ltd. owned about 0.99% of Brixmor Property Group worth $83,525,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BRX. V Square Quantitative Management LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth $26,000. Smartleaf Asset Management LLC raised its position in Brixmor Property Group by 124.9% during the fourth 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 during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $26,000. Quarry LP grew its position 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 purchasing an additional 364 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BRX. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Scotiabank cut 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 research note on Friday, February 28th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Wells Fargo & Company cut 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, March 26th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Stock Down 4.1 %

Shares of NYSE BRX opened at $23.96 on Friday. The stock has a market capitalization of $7.33 billion, a PE ratio of 21.58, a P/E/G ratio of 2.66 and a beta of 1.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a fifty day moving average of $26.57 and a 200-day moving average of $27.48. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67.

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

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.80%. This is a boost 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 payout ratio 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.