Bailard Inc. Invests $828,000 in Brixmor Property Group Inc. (NYSE:BRX)

Bailard Inc. purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,192 shares of the real estate investment trust's stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRX. Transcend Capital Advisors LLC purchased a new position in Brixmor Property Group during the first quarter valued at $356,000. Principal Financial Group Inc. lifted its holdings in Brixmor Property Group by 1.6% during the first quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock valued at $18,679,000 after purchasing an additional 11,040 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Brixmor Property Group by 54.6% during the first quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 1,628 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Brixmor Property Group by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 861 shares in the last quarter. Finally, Tower View Wealth Management LLC purchased a new position in Brixmor Property Group during the first quarter valued at $328,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Trading Up 1.9%

Shares of BRX traded up $0.50 during trading on Tuesday, reaching $26.02. 2,113,353 shares of the company traded hands, compared to its average volume of 2,305,041. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The stock has a market cap of $7.96 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. The stock has a 50-day simple moving average of $25.63 and a 200-day simple moving average of $25.92. Brixmor Property Group Inc. has a twelve month low of $22.29 and a twelve month high of $30.67.

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 for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd were paid a $0.2875 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.42%. Brixmor Property Group's dividend payout ratio is currently 109.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group began coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Mizuho raised shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target on the stock in a research note on Thursday, July 17th. Scotiabank decreased their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group decreased 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 note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.30.

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.