Russell Investments Group Ltd. Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

Russell Investments Group Ltd. lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,000,184 shares of the real estate investment trust’s stock after buying an additional 129,090 shares during the quarter. Russell Investments Group Ltd.’s holdings in Brixmor Property Group were worth $83,525,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 521 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Brixmor Property Group during the 4th quarter worth $26,000. Quarry LP lifted its holdings in 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 buying an additional 364 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 693 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

BRX opened at $23.96 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $26.57 and its 200 day moving average price is $27.48. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.

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, 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%. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.80%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Wall Street Analyst Weigh In

BRX has been the topic of several recent analyst reports. Scotiabank cut their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus reduced their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Mizuho reduced their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Finally, Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.48.

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.