Proficio Capital Partners LLC Invests $620,000 in Brixmor Property Group Inc. (NYSE:BRX)

Proficio Capital Partners LLC acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,272 shares of the real estate investment trust’s stock, valued at approximately $620,000.

Several other large investors have also bought and sold shares of BRX. Farther Finance Advisors LLC raised its stake in Brixmor Property Group by 38.8% during the third quarter. Farther Finance Advisors LLC now owns 5,572 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 1,557 shares in the last quarter. Van ECK Associates Corp raised its stake in Brixmor Property Group by 12.2% during the third quarter. Van ECK Associates Corp now owns 135,479 shares of the real estate investment trust’s stock worth $3,784,000 after acquiring an additional 14,715 shares in the last quarter. QRG Capital Management Inc. raised its stake in Brixmor Property Group by 22.9% during the third quarter. QRG Capital Management Inc. now owns 13,763 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 2,567 shares in the last quarter. Assetmark Inc. raised its stake in Brixmor Property Group by 5.4% during the third quarter. Assetmark Inc. now owns 28,312 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 1,456 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in Brixmor Property Group by 6.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 310,899 shares of the real estate investment trust’s stock worth $8,662,000 after acquiring an additional 19,413 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on BRX. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Mizuho lowered their price objective on 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. KeyCorp upped their price objective 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 lowered their price objective 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. Finally, Scotiabank lowered their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $26.68 on Monday. The business’s 50 day simple moving average is $26.87 and its 200 day simple moving average is $27.69. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The stock has a market capitalization of $8.16 billion, a PE ratio of 24.04, a PEG 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.

Brixmor Property Group (NYSE:BRX) last announced its 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 return on equity of 11.72% and a net margin of 26.40%. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared 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 dividend yield of 4.31%. This is a boost 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 is presently 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.