Bailard Inc. Buys Shares of 31,192 Brixmor Property Group Inc. (NYSE:BRX)

Bailard Inc. bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,192 shares of the real estate investment trust's stock, valued at approximately $828,000.

Other institutional investors also recently bought and sold shares of the company. Transcend Capital Advisors LLC purchased a new position in Brixmor Property Group during the first quarter worth about $356,000. Principal Financial Group Inc. raised its holdings in shares of Brixmor Property Group by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after purchasing an additional 11,040 shares during the period. Fifth Third Bancorp raised its holdings in shares of Brixmor Property Group by 54.6% during the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after buying an additional 1,628 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Brixmor Property Group by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 861 shares during the period. Finally, Tower View Wealth Management LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter valued at about $328,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 0.8%

Shares of BRX traded down $0.21 during trading hours on Friday, hitting $25.53. The stock had a trading volume of 2,290,273 shares, compared to its average volume of 2,305,588. The firm has a market capitalization of $7.81 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75. Brixmor Property Group Inc. has a 1-year low of $22.29 and a 1-year high of $30.67. The firm has a 50 day simple moving average of $25.65 and a 200-day simple moving average of $25.94.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued 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. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The business had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 4.50%. Brixmor Property Group's payout ratio is 109.52%.

Analysts Set New Price Targets

Several brokerages have recently commented on BRX. Wells Fargo & Company decreased their target price 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. Scotiabank reduced their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Mizuho upgraded Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target for the company in a research report on Thursday. Finally, UBS Group assumed coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price target for the company. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average target price of $30.30.

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.