Principal Financial Group Inc. Trims Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Principal Financial Group Inc. decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 692,519 shares of the real estate investment trust’s stock after selling 4,963 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Brixmor Property Group worth $19,280,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its stake in Brixmor Property Group by 222.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after acquiring an additional 26,000 shares during the period. Vestcor Inc purchased a new position in shares of Brixmor Property Group during the third quarter worth $776,000. Charles Schwab Investment Management Inc. lifted its position in Brixmor Property Group by 3.3% during 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 purchasing an additional 159,388 shares during the period. Park Avenue Securities LLC boosted its holdings in 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 purchasing an additional 12,593 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in Brixmor Property Group by 33.3% during the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after purchasing an additional 36,823 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.5 %

NYSE BRX opened at $27.39 on Tuesday. The business has a fifty day moving average price of $26.92 and a 200 day moving average price of $27.59. 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 $8.38 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.66 and a beta of 1.58. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.20%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Wall Street Analyst Weigh In

BRX has been the topic of a number of recent research reports. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Mizuho upped their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank lifted their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Evercore ISI raised shares of 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. Finally, Stifel Nicolaus dropped their price target 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group presently has an average 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.