Deutsche Bank AG Sells 598,281 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• Deutsche Bank AG has reduced its stake in Brixmor Property Group by 10.2%, now holding approximately 1.73% of the company valued at $140.3 million.
• Brixmor Property Group reported a quarterly earnings per share of $0.56, surpassing analysts' consensus estimate of $0.55, with revenues growing 7.5% year-over-year.
• The company announced a quarterly dividend of $0.2875 per share, representing an annualized dividend of $1.15 and a dividend yield of 4.5%.

Deutsche Bank AG lessened its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 10.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,284,547 shares of the real estate investment trust's stock after selling 598,281 shares during the quarter. Deutsche Bank AG owned about 1.73% of Brixmor Property Group worth $140,305,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Quarry LP boosted its position 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 valued at $53,000 after purchasing an additional 533 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 709 shares in the last quarter. Avalon Trust Co acquired a new position in Brixmor Property Group during the 1st quarter worth about $59,000. Fourth Dimension Wealth LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at about $71,000. Finally, UMB Bank n.a. increased its position in Brixmor Property Group by 66.3% in the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after buying an additional 1,085 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on BRX shares. Scotiabank decreased their price objective 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. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price for the company in a report on Thursday, July 17th. Finally, Stifel Nicolaus lowered their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $30.08.

Brixmor Property Group Stock Performance

NYSE:BRX traded up $0.64 during mid-day trading on Tuesday, hitting $26.45. 2,379,009 shares of the company traded hands, compared to its average volume of 2,370,950. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. 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's fifty day moving average price is $25.82 and its 200-day moving average price is $25.89. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million during 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 business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.3%. Brixmor Property Group's dividend payout ratio (DPR) is 104.55%.

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.