Bank of New York Mellon Corp Lowers Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Bank of New York Mellon Corp reduced its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,022,982 shares of the real estate investment trust's stock after selling 99,437 shares during the period. Bank of New York Mellon Corp owned approximately 0.99% of Brixmor Property Group worth $80,260,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 405 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares in the last quarter. Ascent Group LLC raised its holdings in Brixmor Property Group by 6.0% during the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 521 shares in the last quarter. Quarry LP raised 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 purchasing an additional 533 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in Brixmor Property Group by 7.0% during the fourth quarter. Point72 Hong Kong Ltd now owns 10,367 shares of the real estate investment trust's stock worth $289,000 after purchasing an additional 677 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BRX shares. Wells Fargo & Company reduced their price target on shares of 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. The Goldman Sachs Group reduced their price target on shares of 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. UBS Group started coverage on shares of 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. Finally, Scotiabank reduced their price target on shares of 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.30.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.08 during mid-day trading on Monday, reaching $25.93. 1,779,119 shares of the company's stock were exchanged, compared to its average volume of 2,430,325. 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 company has a 50-day simple moving average of $25.61 and a two-hundred day simple moving average of $26.00. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.68 and a beta of 1.23.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business 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 company's revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 yield of 4.43%. Brixmor Property Group's payout ratio is currently 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.