JPMorgan Chase & Co. Sells 1,423,821 Shares of Brixmor Property Group Inc. (NYSE:BRX)

JPMorgan Chase & Co. decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 37.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,340,865 shares of the real estate investment trust’s stock after selling 1,423,821 shares during the period. JPMorgan Chase & Co. owned 0.77% of Brixmor Property Group worth $65,170,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Cerity Partners LLC increased its position in Brixmor Property Group by 34.5% during the 3rd quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock valued at $740,000 after buying an additional 6,817 shares in the last quarter. FMR LLC increased its holdings in shares of Brixmor Property Group by 136.8% during the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock valued at $29,773,000 after acquiring an additional 617,341 shares in the last quarter. Townsquare Capital LLC purchased a new position in shares of Brixmor Property Group in the 3rd quarter worth about $217,000. Verition Fund Management LLC boosted its stake in Brixmor Property Group by 54.2% in the 3rd quarter. Verition Fund Management LLC now owns 34,888 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 12,260 shares in the last quarter. Finally, Ascent Group LLC purchased a new stake in Brixmor Property Group during the 3rd quarter valued at about $241,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 4.1 %

BRX opened at $23.96 on Friday. The firm’s 50 day simple moving average is $26.57 and its two-hundred day simple moving average is $27.48. The company has a market capitalization of $7.33 billion, a PE ratio of 21.58, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year 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.

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 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%. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend 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 4.80%. Brixmor Property Group’s payout ratio is 103.60%.

Analysts Set New Price Targets

Several brokerages have issued reports on BRX. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Tuesday, February 11th. Wells Fargo & Company decreased 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 report on Wednesday, March 26th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Mizuho dropped their price objective 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. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group 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.