HighTower Advisors LLC Acquires 435 Shares of Brixmor Property Group Inc. (NYSE:BRX)

HighTower Advisors LLC raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 441,238 shares of the real estate investment trust’s stock after purchasing an additional 435 shares during the period. HighTower Advisors LLC owned approximately 0.15% of Brixmor Property Group worth $12,284,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC raised its position in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 521 shares in the last quarter. Quarry LP raised its position in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 364 shares in the last quarter. UMB Bank n.a. raised its position in shares of Brixmor Property Group by 73.5% in 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 buying an additional 693 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Brixmor Property Group by 140.9% in the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,140 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 1.0 %

Shares of NYSE BRX opened at $25.50 on Monday. 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 Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The firm has a 50 day moving average price of $26.68 and a two-hundred day moving average price of $27.64. The stock has a market cap of $7.80 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS 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 given a $0.2875 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.51%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is 103.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BRX shares. Wells Fargo & Company dropped their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. 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. Scotiabank dropped their target price 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. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

About Brixmor Property Group

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.