Brixmor Property Group Inc. (NYSE:BRX) Holdings Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,700 shares of the real estate investment trust’s stock after selling 15,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Brixmor Property Group were worth $521,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BRX. Park Avenue Securities LLC lifted its position in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 12,593 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Brixmor Property Group during the fourth quarter worth about $620,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Brixmor Property Group by 38.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock worth $6,073,000 after acquiring an additional 60,567 shares during the last quarter. Wealthfront Advisers LLC bought a new position in Brixmor Property Group in the fourth quarter worth about $1,699,000. Finally, Raymond James Financial Inc. acquired a new position in Brixmor Property Group in the fourth quarter valued at approximately $5,549,000. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research reports. Stifel Nicolaus dropped their price target on 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. Evercore ISI raised 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 report on Tuesday, February 11th. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Scotiabank lowered their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. 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 report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group Stock Performance

BRX opened at $25.51 on Friday. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The business has a 50 day moving average price of $26.12 and a two-hundred day moving average price of $27.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating 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%. Research analysts predict 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 was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.51%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is currently 103.60%.

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.