LDR Capital Management LLC Sells 17,928 Shares of Brixmor Property Group Inc. (NYSE:BRX)

LDR Capital Management LLC cut its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,386 shares of the real estate investment trust’s stock after selling 17,928 shares during the quarter. Brixmor Property Group accounts for about 3.0% of LDR Capital Management LLC’s portfolio, making the stock its 12th largest position. LDR Capital Management LLC’s holdings in Brixmor Property Group were worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $26,000. Quarry LP grew its stake in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares in the last quarter. UMB Bank n.a. grew its position in Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 693 shares during the period. Venturi Wealth Management LLC lifted its holdings in Brixmor Property Group by 140.9% during 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 during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Brixmor Property Group by 103.7% during the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,448 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $27.29 on Friday. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The stock’s 50-day moving average is $26.95 and its 200 day moving average is $27.54. The company has a market cap of $8.35 billion, a P/E ratio of 24.58, a PEG ratio of 2.65 and a beta of 1.58. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. The ex-dividend date 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 4.21%. Brixmor Property Group’s payout ratio is 103.60%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRX. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Mizuho upped their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank increased their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.87.

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.