Sei Investments Co. Has $20.20 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Sei Investments Co. reduced its stake in Brixmor Property Group Inc. (NYSE:BRX) by 11.7% during the 4th quarter, Holdings Channel reports. The fund owned 725,683 shares of the real estate investment trust’s stock after selling 96,233 shares during the period. Sei Investments Co.’s holdings in Brixmor Property Group were worth $20,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BRX. V Square Quantitative Management LLC bought a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its position in 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 worth $26,000 after buying an additional 521 shares during the period. Quarry LP lifted its holdings in shares of 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 worth $38,000 after buying an additional 364 shares in the last quarter. UMB Bank n.a. boosted its position 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 valued at $46,000 after acquiring an additional 693 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of 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 valued at $54,000 after acquiring an additional 1,140 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRX has been the subject of several analyst reports. Evercore ISI upgraded shares of 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 note on Tuesday, February 11th. Mizuho dropped their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Scotiabank reduced their price target on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 28th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. 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 report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Trading Down 0.4 %

BRX opened at $26.25 on Friday. The company has a market cap of $8.03 billion, a P/E ratio of 23.65, a PEG ratio of 2.66 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company’s 50 day moving average is $26.62 and its 200-day moving average is $27.55. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its earnings results 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%. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.38%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is currently 103.60%.

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.