EverSource Wealth Advisors LLC Buys 5,857 Shares of Brixmor Property Group Inc. (NYSE:BRX)

EverSource Wealth Advisors LLC lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 10,846.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,911 shares of the real estate investment trust’s stock after acquiring an additional 5,857 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Brixmor Property Group were worth $165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted 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 in the last quarter. Quarry LP boosted its holdings in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 364 shares during the period. UMB Bank n.a. increased its stake in Brixmor Property Group by 73.5% in the 4th 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 in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Brixmor Property Group by 140.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,140 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BRX. Wells Fargo & Company cut their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Mizuho reduced their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Stifel Nicolaus reduced 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 report on Tuesday, February 11th. Finally, Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.56.

Brixmor Property Group Stock Performance

BRX stock opened at $25.95 on Tuesday. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 2.66 and a beta of 1.59. The business’s fifty day simple moving average is $26.66 and its two-hundred day simple moving average is $27.63. 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 (NYSE:BRX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.43%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is 103.60%.

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.