Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,027,809 shares of the real estate investment trust’s stock after selling 328,270 shares during the quarter. Brixmor Property Group makes up about 1.3% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 27th largest position. Duff & Phelps Investment Management Co.’s holdings in Brixmor Property Group were worth $112,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of Brixmor Property Group in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC boosted its stake in 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 worth $26,000 after buying an additional 521 shares in the last quarter. Quarry LP grew its position in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 364 shares during the period. UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 73.5% in 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 acquiring an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,140 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $26.25 on Friday. The company has a market capitalization of $8.03 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.66 and a beta of 1.59. The business has a 50 day moving average of $26.62 and a 200-day moving average of $27.55. 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.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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%. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current 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 4.38%. Brixmor Property Group’s payout ratio is 103.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BRX. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Scotiabank decreased their target price on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $33.00 in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.