QRG Capital Management Inc. Has $369,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

QRG Capital Management Inc. decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,261 shares of the real estate investment trust’s stock after selling 502 shares during the period. QRG Capital Management Inc.’s holdings in Brixmor Property Group were worth $369,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Quarry LP raised its holdings in Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 364 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Brixmor Property Group by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after buying an additional 434 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 441 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 511 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Brixmor Property Group by 1.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

BRX opened at $27.38 on Thursday. The firm has a market cap of $8.37 billion, a P/E ratio of 24.66, a PEG ratio of 2.66 and a beta of 1.58. The firm has a 50-day moving average of $26.92 and a 200 day moving average of $27.68. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly 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 net margin of 26.40% and a return on equity of 11.72%. On average, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is 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 currently 103.60%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BRX. Scotiabank lowered 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 report on Friday, February 28th. Evercore ISI upgraded 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 research note on Tuesday, February 11th. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, KeyCorp upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Four 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, the company has a consensus rating of “Moderate Buy” and an average target price of $30.56.

Brixmor Property Group Company 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.