Capital World Investors Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

Capital World Investors purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 522,713 shares of the real estate investment trust’s stock, valued at approximately $14,552,000.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Brixmor Property Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,685,872 shares of the real estate investment trust’s stock valued at $130,452,000 after purchasing an additional 38,427 shares in the last quarter. First Trust Advisors LP grew its position in shares of Brixmor Property Group by 71.8% in the fourth quarter. First Trust Advisors LP now owns 365,784 shares of the real estate investment trust’s stock valued at $10,183,000 after purchasing an additional 152,818 shares during the last quarter. GeoWealth Management LLC grew its holdings in Brixmor Property Group by 31.4% during the 4th quarter. GeoWealth Management LLC now owns 11,107 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 2,657 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Brixmor Property Group by 3.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 633,316 shares of the real estate investment trust’s stock worth $17,620,000 after purchasing an additional 21,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Brixmor Property Group by 6.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after buying an additional 467,146 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their target price on 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. Evercore ISI raised shares of 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 report on Tuesday, February 11th. Mizuho dropped 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. Stifel Nicolaus reduced their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Stock Down 1.3 %

BRX stock opened at $25.22 on Tuesday. The firm’s 50-day simple moving average is $26.08 and its 200 day simple moving average is $27.19. The stock has a market cap of $7.72 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted 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 net margin of 26.40% and a return on equity of 11.72%. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.56%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 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.