MQS Management LLC Acquires New Stake in Brixmor Property Group Inc. (NYSE:BRX)

MQS Management LLC acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,748 shares of the real estate investment trust’s stock, valued at approximately $216,000. Brixmor Property Group comprises 6.1% of MQS Management LLC’s investment portfolio, making the stock its 10th largest position.

Several other institutional investors have also bought and sold shares of the company. Quarry LP lifted its stake in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the last quarter. US Bancorp DE lifted its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 405 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Brixmor Property Group by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock worth $1,710,000 after acquiring an additional 434 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 441 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Brixmor Property Group by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their target price on 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. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company dropped their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, KeyCorp increased their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Stock Down 0.2 %

BRX opened at $26.68 on Monday. The stock has a market cap of $8.16 billion, a PE ratio of 24.04, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The business’s fifty day simple moving average is $26.87 and its 200 day simple moving average is $27.69.

Brixmor Property Group (NYSE:BRX) last released 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 return on equity of 11.72% and a net margin of 26.40%. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 4.31%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

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.