RWC Asset Management LLP Acquires 42,688 Shares of Brixmor Property Group Inc. (NYSE:BRX)

RWC Asset Management LLP boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,027,361 shares of the real estate investment trust’s stock after buying an additional 42,688 shares during the quarter. Brixmor Property Group makes up about 1.4% of RWC Asset Management LLP’s investment portfolio, making the stock its 23rd largest holding. RWC Asset Management LLP owned approximately 0.34% of Brixmor Property Group worth $28,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Glenmede Trust Co. NA grew its position in shares of Brixmor Property Group by 222.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after acquiring an additional 26,000 shares during the period. Vestcor Inc purchased a new position in Brixmor Property Group during the third quarter valued at $776,000. Charles Schwab Investment Management Inc. grew its holdings in Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after purchasing an additional 159,388 shares during the period. Park Avenue Securities LLC increased its position in Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 12,593 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after buying an additional 36,823 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $27.29 on Monday. The company has a market cap of $8.35 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.66 and a beta of 1.58. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The stock’s 50 day simple moving average is $26.95 and its two-hundred day simple moving average is $27.57. 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 (NYSE:BRX) last announced 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 net margin of 26.40% and a return on equity of 11.72%. As a group, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share 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 $0.2875 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

Analyst Ratings Changes

BRX has been the subject of several analyst reports. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Truist Financial increased their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. KeyCorp upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price target for the company 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.87.

About Brixmor Property Group

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.