Cullen Frost Bankers Inc. Buys 2,419 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Cullen Frost Bankers Inc. boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 279.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,285 shares of the real estate investment trust’s stock after buying an additional 2,419 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Brixmor Property Group were worth $91,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its holdings in shares of Brixmor Property Group by 0.8% in the fourth quarter. Arizona State Retirement System now owns 87,456 shares of the real estate investment trust’s stock valued at $2,435,000 after purchasing an additional 698 shares during the period. Proficio Capital Partners LLC bought a new stake in Brixmor Property Group during the 4th quarter valued at $620,000. M&T Bank Corp lifted its holdings in shares of Brixmor Property Group by 3.7% in the 4th quarter. M&T Bank Corp now owns 167,928 shares of the real estate investment trust’s stock worth $4,675,000 after buying an additional 6,002 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Brixmor Property Group by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 885 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Down 0.2 %

Shares of NYSE:BRX opened at $26.68 on Monday. The business’s 50-day moving average is $26.87 and its 200 day moving average is $27.69. 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 Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The firm has a market capitalization of $8.16 billion, a P/E ratio of 24.04, a P/E/G ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS 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 predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is presently 103.60%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BRX shares. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Scotiabank cut 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. Wells Fargo & Company reduced their price objective 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. Finally, KeyCorp increased their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Four 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, the company presently has an average rating of “Moderate Buy” and an average price target of $30.56.

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.