Schroder Investment Management Group Sells 406,880 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Schroder Investment Management Group decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,083,951 shares of the real estate investment trust’s stock after selling 406,880 shares during the quarter. Schroder Investment Management Group owned approximately 0.69% of Brixmor Property Group worth $57,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BRX. Glenmede Trust Co. NA increased its stake in shares of Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after buying an additional 26,000 shares during the period. Vestcor Inc acquired a new stake in Brixmor Property Group during the 3rd quarter valued at approximately $776,000. Park Avenue Securities LLC raised its holdings in Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $620,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brixmor Property Group by 38.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock worth $6,073,000 after purchasing an additional 60,567 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BRX shares. Mizuho lowered 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 research note on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus decreased 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. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted 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 given a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $30.48.

Brixmor Property Group Trading Up 1.9 %

BRX opened at $26.59 on Tuesday. 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 capitalization of $8.14 billion, a PE ratio of 23.96, a P/E/G ratio of 2.66 and a beta of 1.59. 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 company’s 50-day moving average is $26.62 and its 200 day moving average is $27.54.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 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, research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed 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 represents a $1.15 dividend on an annualized basis and a yield of 4.32%. 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. Brixmor Property Group’s payout ratio is currently 103.60%.

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.