LPL Financial LLC Increases Stake in Brixmor Property Group Inc (BRX)

LPL Financial LLC grew its stake in shares of Brixmor Property Group Inc (NYSE:BRX) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,127 shares of the real estate investment trust’s stock after purchasing an additional 1,243 shares during the period. LPL Financial LLC’s holdings in Brixmor Property Group were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRX. BlackRock Inc. increased its position in shares of Brixmor Property Group by 0.7% during the third quarter. BlackRock Inc. now owns 21,877,296 shares of the real estate investment trust’s stock worth $383,072,000 after acquiring an additional 161,003 shares in the last quarter. Cohen & Steers Inc. increased its position in shares of Brixmor Property Group by 14.5% during the third quarter. Cohen & Steers Inc. now owns 18,397,281 shares of the real estate investment trust’s stock worth $322,136,000 after acquiring an additional 2,326,047 shares in the last quarter. Morgan Stanley increased its position in shares of Brixmor Property Group by 9.2% during the third quarter. Morgan Stanley now owns 10,528,243 shares of the real estate investment trust’s stock worth $184,349,000 after acquiring an additional 885,944 shares in the last quarter. FMR LLC increased its position in shares of Brixmor Property Group by 1.0% during the third quarter. FMR LLC now owns 7,393,554 shares of the real estate investment trust’s stock worth $129,461,000 after acquiring an additional 74,198 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Brixmor Property Group by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,791,986 shares of the real estate investment trust’s stock worth $83,903,000 after acquiring an additional 30,016 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Several equities research analysts have recently commented on the stock. BMO Capital Markets reissued a “hold” rating and set a $17.00 target price on shares of Brixmor Property Group in a research report on Monday, February 11th. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Barclays reissued a “hold” rating and set a $17.00 target price on shares of Brixmor Property Group in a research report on Wednesday, March 6th. ValuEngine raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, JPMorgan Chase & Co. downgraded shares of Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.39.



Shares of BRX stock opened at $18.07 on Friday. Brixmor Property Group Inc has a 52-week low of $13.84 and a 52-week high of $18.71. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 2.20 and a beta of 0.77.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17). The business had revenue of $297.66 million for the quarter, compared to analysts’ expectations of $302.22 million. Brixmor Property Group had a net margin of 29.67% and a return on equity of 12.82%. On average, equities analysts expect that Brixmor Property Group Inc will post 1.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, April 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend is Thursday, April 4th. Brixmor Property Group’s payout ratio is currently 60.54%.

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About Brixmor Property Group

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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