Invesco Ltd. Purchases 719,433 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• Invesco Ltd. increased its stake in Brixmor Property Group by 12.5%, now owning approximately 2.11% of the company, equivalent to around $171.7 million in shares.
• Brixmor Property Group reported an earnings per share (EPS) of $0.56 for the last quarter, exceeding analyst expectations of $0.55, with a revenue of $339.4 million.
• The company announced a quarterly dividend of $0.2875, scheduled for payment on October 15, representing a 4.3% dividend yield.

Invesco Ltd. boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 12.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,467,925 shares of the real estate investment trust's stock after acquiring an additional 719,433 shares during the period. Invesco Ltd. owned about 2.11% of Brixmor Property Group worth $171,723,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Northern Trust Corp lifted its position in Brixmor Property Group by 96.2% in 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 during the last quarter. Deutsche Bank AG grew its stake in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after purchasing an additional 1,404,034 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Brixmor Property Group in the 1st quarter worth approximately $34,702,000. Clark Capital Management Group Inc. increased its position in shares of Brixmor Property Group by 406.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock worth $42,207,000 after acquiring an additional 1,216,548 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Brixmor Property Group by 142.1% in the first quarter. Allianz Asset Management GmbH now owns 1,533,745 shares of the real estate investment trust's stock worth $40,721,000 after acquiring an additional 900,352 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

NYSE:BRX traded up $0.06 during mid-day trading on Friday, reaching $26.44. 1,236,140 shares of the company were exchanged, compared to its average volume of 2,309,135. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The company has a fifty day moving average of $25.90 and a 200 day moving average of $25.89. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The stock has a market cap of $8.09 billion, a PE ratio of 24.04, a PEG ratio of 2.74 and a beta of 1.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, July 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. The company had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. On average, research 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research analyst reports. Scotiabank lowered their price objective on shares of 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. UBS Group started 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. Mizuho raised shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price on the stock in a report on Thursday, July 17th. Stifel Nicolaus lowered their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.08.

About Brixmor Property Group

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.