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

Sanctuary Advisors LLC decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 58.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,122 shares of the real estate investment trust’s stock after selling 11,221 shares during the quarter. Sanctuary Advisors LLC’s holdings in Brixmor Property Group were worth $215,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in shares of Brixmor Property Group by 246.6% in the 4th quarter. Principal Securities Inc. now owns 15,816 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 11,253 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group during the fourth quarter worth about $26,000. Asset Management One Co. Ltd. raised its position in Brixmor Property Group by 0.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 448,198 shares of the real estate investment trust’s stock worth $12,357,000 after acquiring an additional 4,025 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at about $316,000. Finally, Summit Trail Advisors LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at about $201,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.3 %

Shares of BRX opened at $27.38 on Thursday. The stock’s 50-day moving average price is $26.92 and its 200 day moving average price is $27.68. 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 Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 2.66 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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%. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost 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 4.20%. Brixmor Property Group’s dividend payout ratio is presently 103.60%.

Analysts Set New Price Targets

BRX has been the topic of a number of research reports. Scotiabank dropped 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 report on Friday, February 28th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Truist Financial lifted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.56.

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.