Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 703,559 shares of the real estate investment trust's stock after acquiring an additional 11,040 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Brixmor Property Group worth $18,679,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Norges Bank acquired a new stake in Brixmor Property Group in the 4th quarter worth approximately $110,205,000. Northern Trust Corp increased its stake in Brixmor Property Group by 96.2% during the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after purchasing an additional 2,388,264 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after buying an additional 2,180,541 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after buying an additional 1,404,034 shares during the period. Finally, Clark Capital Management Group Inc. grew its holdings in shares of Brixmor Property Group by 406.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after buying an additional 1,216,548 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 traded up $0.24 during mid-day trading on Friday, reaching $25.84. 2,590,419 shares of the stock were exchanged, compared to its average volume of 2,288,917. The company has a market capitalization of $7.91 billion, a P/E ratio of 11.91, a P/E/G ratio of 2.66 and a beta of 1.23. 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 business's 50 day moving average is $25.61 and its 200-day moving average is $26.04. Brixmor Property Group Inc. has a 1 year low of $22.29 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $329.81 million. During the same period in the prior year, the company posted $0.54 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.45%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio is currently 109.52%.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company reduced their price objective on 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. Scotiabank dropped their target price on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Finally, UBS Group began coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.