Bank of America Corp DE Trims Position in Brixmor Property Group Inc. (NYSE:BRX)

Bank of America Corp DE lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 39.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,378,278 shares of the real estate investment trust's stock after selling 887,551 shares during the period. Bank of America Corp DE owned about 0.46% of Brixmor Property Group worth $38,371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter worth approximately $110,205,000. Northern Trust Corp raised its stake in shares of Brixmor Property Group by 96.2% during the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after buying an additional 2,388,264 shares during the period. Invesco Ltd. lifted its position in shares of Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after buying an additional 2,180,541 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $20,271,000. Finally, Capital World Investors purchased a new stake in Brixmor Property Group in the 4th quarter worth $14,552,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BRX. Scotiabank reduced their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company reduced their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Mizuho cut their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group decreased their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.40.

Brixmor Property Group Trading Down 1.8%

Brixmor Property Group stock traded down $0.45 during mid-day trading on Wednesday, hitting $25.12. The company's stock had a trading volume of 291,003 shares, compared to its average volume of 2,207,801. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. 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 firm has a market capitalization of $7.69 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The stock's fifty day moving average is $25.44 and its two-hundred day moving average is $26.92.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 109.52%.

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.