Allianz Asset Management GmbH Has $40.72 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Allianz Asset Management GmbH raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 142.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,533,745 shares of the real estate investment trust's stock after acquiring an additional 900,352 shares during the period. Allianz Asset Management GmbH owned approximately 0.50% of Brixmor Property Group worth $40,721,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Brixmor Property Group in the 4th quarter worth approximately $5,549,000. Envestnet Portfolio Solutions Inc. raised its holdings in Brixmor Property Group by 22.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,777 shares of the real estate investment trust's stock worth $328,000 after purchasing an additional 2,162 shares in the last quarter. Corient Private Wealth LLC lifted its position in Brixmor Property Group by 9.5% in the fourth quarter. Corient Private Wealth LLC now owns 16,654 shares of the real estate investment trust's stock worth $464,000 after purchasing an additional 1,446 shares during the period. Hillsdale Investment Management Inc. lifted its position in Brixmor Property Group by 55.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,900 shares of the real estate investment trust's stock worth $81,000 after purchasing an additional 1,030 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Brixmor Property Group during the 4th quarter valued at $1,785,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research reports. UBS Group initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Scotiabank lowered their target price on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. The Goldman Sachs Group dropped their price target on shares of 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. Finally, Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective for the company in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.30.

Brixmor Property Group Trading Down 0.7%

Shares of NYSE:BRX traded down $0.18 during mid-day trading on Friday, hitting $25.62. The stock had a trading volume of 2,010,746 shares, compared to its average volume of 2,232,486. The company's 50 day moving average is $25.62 and its 200-day moving average is $25.90. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $7.84 billion, a PE ratio of 24.40, a P/E/G ratio of 2.66 and a beta of 1.23.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.49%. Brixmor Property Group's payout ratio is presently 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.