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Principal Financial Group Inc. Increases Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Brixmor Property Group logo with Finance background

Principal Financial Group Inc. raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 703,559 shares of the real estate investment trust's stock after purchasing an additional 11,040 shares during the period. Principal Financial Group Inc. owned 0.23% of Brixmor Property Group worth $18,679,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BRX. Canada Pension Plan Investment Board boosted its holdings in Brixmor Property Group by 6.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after acquiring an additional 467,146 shares in the last quarter. Deutsche Bank AG increased its stake in Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock valued at $163,778,000 after purchasing an additional 1,404,034 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Brixmor Property Group by 61.1% during 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 period. Geode Capital Management LLC increased its position in shares of Brixmor Property Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock valued at $157,450,000 after acquiring an additional 38,911 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Brixmor Property Group by 7.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after acquiring an additional 393,317 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Ratings Changes

BRX has been the subject of a number of recent research reports. 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 note on Thursday, May 1st. 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 target price for the company. Wells Fargo & Company decreased their price objective 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. Finally, Scotiabank reduced their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.30.

Get Our Latest Stock Report on Brixmor Property Group

Brixmor Property Group Stock Performance

NYSE BRX traded up $0.08 during trading on Monday, reaching $25.93. The company's stock had a trading volume of 1,779,149 shares, compared to its average volume of 2,289,422. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75. Brixmor Property Group Inc. has a twelve month low of $22.29 and a twelve month high of $30.67. The business's fifty day moving average price is $25.61 and its 200-day moving average price is $26.00. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.68 and a beta of 1.23.

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 (EPS) for the quarter, beating 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 company had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. During the same period in the previous year, the company posted $0.54 EPS. Brixmor Property Group's revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

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 given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.43%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio is 109.52%.

Brixmor Property Group Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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