Intech Investment Management LLC Boosts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Intech Investment Management LLC boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 106.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,896 shares of the real estate investment trust’s stock after acquiring an additional 52,475 shares during the quarter. Intech Investment Management LLC’s holdings in Brixmor Property Group were worth $2,837,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BRX. KBC Group NV boosted its holdings in Brixmor Property Group by 14.3% during the 3rd quarter. KBC Group NV now owns 7,157 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 897 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Brixmor Property Group in the 3rd quarter worth $247,000. Natixis Advisors LLC lifted its holdings in shares of Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after buying an additional 36,823 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brixmor Property Group by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after buying an additional 159,388 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Brixmor Property Group by 34.5% during the 3rd quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock worth $740,000 after purchasing an additional 6,817 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.1 %

Shares of BRX stock opened at $26.04 on Thursday. The stock’s 50-day simple moving average is $26.65 and its 200-day simple moving average is $27.61. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $7.96 billion, a PE ratio of 23.45, a P/E/G ratio of 2.66 and a beta of 1.59. 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 issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping 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%. Equities analysts expect 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 paid a $0.2875 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. Brixmor Property Group’s dividend payout ratio is presently 103.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BRX shares. BMO Capital Markets upgraded 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. Wells Fargo & Company reduced their target price on 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. Scotiabank reduced 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 report on Friday, February 28th. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and upped their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target 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.