Cetera Investment Advisers Raises Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Cetera Investment Advisers raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 80.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,113 shares of the real estate investment trust’s stock after purchasing an additional 17,381 shares during the period. Cetera Investment Advisers’ holdings in Brixmor Property Group were worth $1,089,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BRX. Park Avenue Securities LLC boosted its stake in Brixmor Property Group by 95.0% during the 4th 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. UMB Bank n.a. boosted its stake in Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 693 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Brixmor Property Group by 67.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 37,374 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 14,995 shares during the last quarter. SG Americas Securities LLC boosted its stake in Brixmor Property Group by 840.9% during the 4th quarter. SG Americas Securities LLC now owns 217,433 shares of the real estate investment trust’s stock valued at $6,053,000 after purchasing an additional 194,325 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 441 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BRX has been the topic of several recent analyst reports. Scotiabank cut their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. The Goldman Sachs Group cut their target price on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Mizuho dropped their price target on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. 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 note on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $24.82 on Friday. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The stock’s fifty day moving average is $25.41 and its 200 day moving average is $26.88. The stock has a market cap of $7.60 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The company had revenue of $337.51 million for the quarter, compared to analysts’ expectations of $329.81 million. During the same period last year, the firm earned $0.54 EPS. Brixmor Property Group’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.63%. Brixmor Property Group’s dividend payout ratio is currently 109.52%.

Brixmor Property Group Company 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.