Shelton Capital Management Cuts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Shelton Capital Management decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,354 shares of the real estate investment trust’s stock after selling 473 shares during the period. Shelton Capital Management’s holdings in Brixmor Property Group were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRX. Invesco Ltd. lifted its position in shares of Brixmor Property Group by 61.1% during the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after purchasing an additional 2,180,541 shares in the last quarter. Bank of Montreal Can increased its stake in Brixmor Property Group by 5.4% during the 4th quarter. Bank of Montreal Can now owns 99,262 shares of the real estate investment trust’s stock worth $2,763,000 after buying an additional 5,124 shares during the period. Federated Hermes Inc. lifted its holdings in Brixmor Property Group by 912.6% during the 4th quarter. Federated Hermes Inc. now owns 322,336 shares of the real estate investment trust’s stock worth $8,974,000 after buying an additional 290,502 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Brixmor Property Group by 4.5% in the 4th quarter. Russell Investments Group Ltd. now owns 3,000,184 shares of the real estate investment trust’s stock valued at $83,525,000 after buying an additional 129,090 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Brixmor Property Group by 17.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 396,408 shares of the real estate investment trust’s stock worth $11,036,000 after acquiring an additional 58,275 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BRX. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Scotiabank lowered their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Evercore ISI raised shares of 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. Finally, Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Four equities 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group Trading Down 3.2 %

Shares of Brixmor Property Group stock opened at $23.99 on Friday. The company has a fifty day simple moving average of $26.27 and a 200-day simple moving average of $27.31. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.66 and a beta of 1.30.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is presently 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.