Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 83.8% in the 4th quarter, Holdings Channel reports. The firm owned 73,673 shares of the real estate investment trust’s stock after purchasing an additional 33,580 shares during the period. LPL Financial LLC’s holdings in Brixmor Property Group were worth $2,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRX. V Square Quantitative Management LLC purchased a new stake in Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the last quarter. UMB Bank n.a. increased its position 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 worth $46,000 after purchasing an additional 693 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Brixmor Property Group by 140.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Brixmor Property Group by 54.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 885 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $25.05 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The business has a 50-day moving average of $26.23 and a 200 day moving average of $27.27. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued 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 of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.59%. Brixmor Property Group’s dividend payout ratio is 103.60%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Scotiabank cut their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Stifel Nicolaus decreased their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

Brixmor Property Group 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.