Cbre Investment Management Listed Real Assets LLC Cuts Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Cbre Investment Management Listed Real Assets LLC reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,040,441 shares of the real estate investment trust’s stock after selling 505,655 shares during the quarter. Brixmor Property Group comprises about 1.5% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 21st biggest position. Cbre Investment Management Listed Real Assets LLC owned 1.01% of Brixmor Property Group worth $84,646,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its holdings in Brixmor Property Group by 3.7% in the fourth quarter. M&T Bank Corp now owns 167,928 shares of the real estate investment trust’s stock worth $4,675,000 after acquiring an additional 6,002 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Brixmor Property Group by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 885 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Brixmor Property Group by 124.9% during 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 during the period. Metis Global Partners LLC boosted its stake in shares of Brixmor Property Group by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 34,547 shares of the real estate investment trust’s stock valued at $962,000 after buying an additional 3,526 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 405 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Down 2.3 %

BRX stock opened at $27.34 on Wednesday. The company has a market capitalization of $8.36 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 2.66 and a beta of 1.58. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The company’s 50 day moving average price is $26.92 and its two-hundred day moving average price is $27.67. 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 issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping 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, analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 4.21%. 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 payout ratio is 103.60%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. KeyCorp raised their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.