Clark Capital Management Group Inc. Buys 1,216,548 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Clark Capital Management Group Inc. increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 406.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,516,041 shares of the real estate investment trust's stock after purchasing an additional 1,216,548 shares during the period. Clark Capital Management Group Inc. owned 0.50% of Brixmor Property Group worth $42,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its position in shares of Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 533 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Down 1.2%

BRX stock traded down $0.32 during midday trading on Tuesday, reaching $26.09. The company had a trading volume of 504,669 shares, compared to its average volume of 2,185,914. The company has a 50 day moving average of $25.46 and a two-hundred day moving average of $26.97. The company has a market capitalization of $7.99 billion, a P/E ratio of 23.50, a PEG ratio of 2.66 and a beta of 1.25. 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.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same period last year, the company earned $0.54 earnings per share. Brixmor Property Group's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.41%. Brixmor Property Group's payout ratio is 109.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BRX shares. Wells Fargo & Company cut their price objective on 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. Mizuho cut their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and increased their price target for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Stifel Nicolaus cut 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. Finally, The Goldman Sachs Group reduced their price objective 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.40.

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.