Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 122.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 463,961 shares of the real estate investment trust’s stock after purchasing an additional 255,430 shares during the period. Barclays PLC owned approximately 0.15% of Brixmor Property Group worth $12,916,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 521 shares during the period. Headlands Technologies LLC purchased a new position in Brixmor Property Group during the 4th quarter worth approximately $26,000. UMB Bank n.a. raised its stake in 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 valued at $46,000 after purchasing an additional 693 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,140 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 1.3 %

BRX opened at $25.22 on Tuesday. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The business has a 50 day moving average of $26.08 and a 200-day moving average of $27.19. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.66 and a beta of 1.30. 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 posted its quarterly earnings data 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 net margin of 26.40% and a return on equity of 11.72%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Analyst Upgrades and Downgrades

BRX has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Scotiabank dropped their price objective 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 lifted their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Finally, Mizuho cut their price objective on 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average 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.