Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Brixmor Property Group Inc. (NYSE:BRX) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 396,408 shares of the real estate investment trust’s stock after purchasing an additional 58,275 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of Brixmor Property Group worth $11,036,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BRX. US Bancorp DE increased its holdings in Brixmor Property Group by 5.3% in the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 405 shares during the period. Oregon Public Employees Retirement Fund lifted its position 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 valued at $1,710,000 after purchasing an additional 434 shares during the period. Janney Montgomery Scott LLC lifted its position 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 valued at $244,000 after purchasing an additional 441 shares during the period. CIBC Asset Management Inc boosted its holdings in Brixmor Property Group by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 511 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Brixmor Property Group by 124.9% during 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. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $25.51 on Friday. The company has a fifty day simple moving average of $26.16 and a 200-day simple moving average of $27.22. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.66 and a beta of 1.30. Brixmor Property Group Inc. has a 52-week low of $21.01 and a 52-week high of $30.67.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was 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 4.51%. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Analyst Ratings Changes

BRX has been the topic of a number of recent research reports. Scotiabank lowered their target price on 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. Mizuho cut their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.