Price T Rowe Associates Inc. MD Has $10.10 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 18.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 362,770 shares of the real estate investment trust’s stock after buying an additional 56,095 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Brixmor Property Group were worth $10,100,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 521 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $26,000. UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,140 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on BRX shares. Stifel Nicolaus cut 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. Scotiabank decreased their target price 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. Wells Fargo & Company lowered their target price on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. The Goldman Sachs Group cut their price target on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday. Finally, Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.48.

Brixmor Property Group Stock Performance

NYSE BRX opened at $25.68 on Friday. The stock has a market cap of $7.86 billion, a P/E ratio of 23.13, a PEG ratio of 2.66 and a beta of 1.30. 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 twelve month low of $21.32 and a twelve month high of $30.67. The company’s 50-day simple moving average is $25.72 and its 200 day simple moving average is $27.09.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to analysts’ expectations of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Brixmor Property Group’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.48%. Brixmor Property Group’s dividend payout ratio is presently 103.60%.

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.