Van ECK Associates Corp Sells 516 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Van ECK Associates Corp decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,963 shares of the real estate investment trust’s stock after selling 516 shares during the period. Van ECK Associates Corp’s holdings in Brixmor Property Group were worth $3,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning increased its position in Brixmor Property Group by 6.0% during the third quarter. Creative Planning now owns 15,491 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 876 shares during the period. Blue Trust Inc. grew its position in shares of Brixmor Property Group by 103.7% during the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,448 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Brixmor Property Group by 633.0% during the third quarter. Raymond James & Associates now owns 97,728 shares of the real estate investment trust’s stock worth $2,723,000 after purchasing an additional 84,395 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Brixmor Property Group by 10.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 372,437 shares of the real estate investment trust’s stock valued at $10,376,000 after buying an additional 34,602 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.34 on Thursday. The company’s 50 day moving average price is $27.01 and its two-hundred day moving average price is $27.52. The firm has a market capitalization of $8.36 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.68 and a beta of 1.58. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. 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 released 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%. On average, equities analysts forecast 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. Stockholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.21%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Wall Street Analyst Weigh In

A number of research firms have commented on BRX. Mizuho raised their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI upgraded 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 report on Tuesday, February 11th. KeyCorp boosted their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Stifel Nicolaus reduced 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 note on Tuesday, February 11th. Finally, BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average target price of $30.87.

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.