Cresset Asset Management LLC Buys Shares of 17,203 Brixmor Property Group Inc. (NYSE:BRX)

Cresset Asset Management LLC bought a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, HoldingsChannel.com reports. The firm bought 17,203 shares of the real estate investment trust’s stock, valued at approximately $479,000.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Brixmor Property Group during the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its stake in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the last quarter. UMB Bank n.a. increased 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 acquiring an additional 693 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 533 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BRX shares. Mizuho dropped their price target on shares of 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. Scotiabank dropped their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Monday. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Stifel Nicolaus dropped their price target on shares of 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, Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.40.

Brixmor Property Group Stock Down 1.8%

BRX stock opened at $25.56 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. Brixmor Property Group Inc. has a 52-week low of $21.32 and a 52-week high of $30.67. The company has a 50-day moving average of $25.42 and a two-hundred day moving average of $26.96. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25.

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

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s dividend payout ratio is currently 109.52%.

Brixmor Property Group 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.