Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 133,192 shares of the real estate investment trust’s stock after selling 14,285 shares during the quarter. Natixis Advisors LLC’s holdings in Brixmor Property Group were worth $3,708,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Glenmede Trust Co. NA boosted its stake in Brixmor Property Group by 222.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after purchasing an additional 26,000 shares during the period. Vestcor Inc acquired a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $776,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after buying an additional 159,388 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 12,593 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Brixmor Property Group in the 4th quarter worth approximately $620,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BRX. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Scotiabank lowered their target price on shares of 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. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Trading Down 1.4 %

NYSE:BRX opened at $25.61 on Friday. The stock has a fifty day simple moving average of $26.64 and a 200 day simple moving average of $27.59. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

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

Brixmor Property Group Increases Dividend

The company 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 dividend of $0.2875 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.49%. 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.