Securian Asset Management Inc. Trims Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Securian Asset Management Inc. lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,835 shares of the real estate investment trust’s stock after selling 597 shares during the period. Securian Asset Management Inc.’s holdings in Brixmor Property Group were worth $636,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BRX. Captrust Financial Advisors purchased a new position in shares of Brixmor Property Group during the third quarter valued at $46,695,000. Brookfield Corp ON purchased a new position in shares of Brixmor Property Group during the third quarter valued at $38,051,000. Zurich Insurance Group Ltd FI increased its stake in shares of Brixmor Property Group by 44.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after buying an additional 959,000 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Brixmor Property Group during the third quarter valued at $25,492,000. Finally, FMR LLC increased its stake in shares of Brixmor Property Group by 136.8% during the third quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock valued at $29,773,000 after buying an additional 617,341 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $25.50 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $7.80 billion, a PE ratio of 22.97, a P/E/G ratio of 2.66 and a beta of 1.59. The business has a 50-day simple moving average of $26.68 and a two-hundred day simple moving average of $27.64. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results 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%. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.51%. Brixmor Property Group’s payout ratio is 103.60%.

Analyst Ratings Changes

Several brokerages have recently commented on BRX. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company cut their target price on 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. Finally, Mizuho cut their target price on 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.56.

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.