Captrust Financial Advisors Increases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Captrust Financial Advisors lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 37.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,306,023 shares of the real estate investment trust's stock after purchasing an additional 629,953 shares during the period. Captrust Financial Advisors owned 0.76% of Brixmor Property Group worth $64,200,000 at the end of the most recent quarter.

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

Brixmor Property Group Stock Performance

NYSE:BRX opened at $25.33 on Tuesday. Brixmor Property Group Inc. has a twelve month low of $21.32 and a twelve month high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The stock has a market cap of $7.75 billion, a P/E ratio of 22.82, a PEG ratio of 2.66 and a beta of 1.25. The business's 50-day moving average price is $25.68 and its two-hundred day moving average price is $27.06.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same period last year, the firm posted $0.54 earnings per share. Brixmor Property Group's quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.54%. Brixmor Property Group's dividend payout ratio is presently 109.52%.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of research reports. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Mizuho lowered their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Scotiabank cut their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. 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 research note on Tuesday, February 11th. Finally, Wells Fargo & Company reduced their target price on shares of 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Brixmor Property Group 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.

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