Price T Rowe Associates Inc. MD Has $10.10 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Price T Rowe Associates Inc. MD boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 362,770 shares of the real estate investment trust's stock after purchasing an additional 56,095 shares during the period. Price T Rowe Associates Inc. MD owned about 0.12% of Brixmor Property Group worth $10,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRX. Park Avenue Securities LLC grew its position in shares of Brixmor Property Group by 95.0% during 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. Proficio Capital Partners LLC bought a new position in Brixmor Property Group during the 4th quarter valued at $620,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Brixmor Property Group by 38.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock worth $6,073,000 after acquiring an additional 60,567 shares in the last quarter. Invesco Ltd. increased its position in shares of Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $1,699,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded down $0.15 on Tuesday, hitting $25.15. The company had a trading volume of 1,482,366 shares, compared to its average volume of 2,201,010. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $7.70 billion, a PE ratio of 22.66, a PEG ratio of 2.66 and a beta of 1.25. The business has a 50-day simple moving average of $25.68 and a 200-day simple moving average of $27.06.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data 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. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The company had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is presently 109.52%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Scotiabank lowered their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Mizuho decreased 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 report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.48.

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.