Brixmor Property Group Inc. (NYSE:BRX) Position Reduced by Aew Capital Management L P

Aew Capital Management L P decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,937,898 shares of the real estate investment trust’s stock after selling 105,390 shares during the period. Brixmor Property Group accounts for about 2.6% of Aew Capital Management L P’s investment portfolio, making the stock its 12th largest holding. Aew Capital Management L P owned 0.64% of Brixmor Property Group worth $53,951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its holdings 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 in the last quarter. Vestcor Inc bought a new position in shares of Brixmor Property Group in the third quarter valued at $776,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Brixmor Property Group by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after buying an additional 159,388 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 12,593 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 36,823 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BRX. Scotiabank dropped their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Friday. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $30.00 to $33.00 in a report on Friday, December 6th. 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 report on Tuesday, February 11th. Stifel Nicolaus lowered their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, KeyCorp lifted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus target price of $30.56.

Brixmor Property Group Trading Up 1.2 %

Brixmor Property Group stock opened at $27.94 on Friday. The company’s fifty day simple moving average is $26.90 and its 200-day simple moving average is $27.60. 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 12 month low of $20.80 and a 12 month high of $30.67. The stock has a market cap of $8.55 billion, a P/E ratio of 25.17, a P/E/G ratio of 2.66 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating 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 forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.12%. Brixmor Property Group’s dividend payout ratio 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.