Boston Partners Sells 372,620 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Boston Partners reduced its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 42.1% in the fourth quarter, HoldingsChannel reports. The fund owned 511,593 shares of the real estate investment trust’s stock after selling 372,620 shares during the period. Boston Partners’ holdings in Brixmor Property Group were worth $14,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BRX. Intech Investment Management LLC boosted its holdings in Brixmor Property Group by 106.2% in the fourth quarter. Intech Investment Management LLC now owns 101,896 shares of the real estate investment trust’s stock worth $2,837,000 after purchasing an additional 52,475 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Brixmor Property Group by 52.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 396,855 shares of the real estate investment trust’s stock valued at $11,048,000 after acquiring an additional 136,719 shares during the period. Cibc World Markets Corp lifted its holdings in Brixmor Property Group by 141.4% in the 4th quarter. Cibc World Markets Corp now owns 192,257 shares of the real estate investment trust’s stock worth $5,352,000 after purchasing an additional 112,619 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Brixmor Property Group by 9.5% in the fourth quarter. Corient Private Wealth LLC now owns 16,654 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 1,446 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Brixmor Property Group by 22.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,777 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 2,162 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased 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 note on Wednesday, January 29th. Scotiabank dropped their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Mizuho dropped their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Trading Down 0.2 %

Shares of BRX opened at $25.97 on Friday. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.66 and a beta of 1.59. 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 company has a 50-day moving average of $26.64 and a 200 day moving average of $27.60.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating 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%. 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 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 yield of 4.43%. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

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.