Metis Global Partners LLC Has $962,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

Metis Global Partners LLC raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 11.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 34,547 shares of the real estate investment trust’s stock after purchasing an additional 3,526 shares during the period. Metis Global Partners LLC’s holdings in Brixmor Property Group were worth $962,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BRX. V Square Quantitative Management LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $26,000. Quarry LP grew its holdings in Brixmor Property Group by 36.3% during 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 period. UMB Bank n.a. increased its stake in 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 valued at $46,000 after purchasing an additional 693 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Brixmor Property Group by 140.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,140 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Brixmor Property Group by 29.5% during the fourth quarter. Blue Trust Inc. now owns 3,683 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 839 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX opened at $27.34 on Wednesday. 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 $20.80 and a twelve month high of $30.67. The company has a 50 day moving average of $26.92 and a 200-day moving average of $27.67. The stock has a market capitalization of $8.36 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.66 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.21%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Analysts Set New Price Targets

BRX has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their price target on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group raised 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 note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

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.