Nomura Asset Management Co. Ltd. Has $11.35 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Nomura Asset Management Co. Ltd. raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 407,688 shares of the real estate investment trust’s stock after acquiring an additional 15,270 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Brixmor Property Group were worth $11,350,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BRX. Cerity Partners LLC boosted its holdings in Brixmor Property Group by 34.5% in the third quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock worth $740,000 after purchasing an additional 6,817 shares in the last quarter. FMR LLC boosted its stake in shares of Brixmor Property Group by 136.8% during the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock worth $29,773,000 after acquiring an additional 617,341 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Brixmor Property Group by 224.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 263,874 shares of the real estate investment trust’s stock valued at $7,352,000 after acquiring an additional 182,541 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Brixmor Property Group in the 3rd quarter valued at approximately $217,000. Finally, Glenmede Trust Co. NA lifted its holdings in Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Trading Down 0.7 %

Shares of BRX stock opened at $26.09 on Monday. The firm has a fifty day moving average of $26.62 and a 200-day moving average of $27.55. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 2.66 and a beta of 1.59. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. 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 announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is 103.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BRX shares. 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 report on Wednesday, March 26th. Evercore ISI raised 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. Scotiabank lowered 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. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Mizuho lowered their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $30.48.

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.