Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 86.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,216 shares of the real estate investment trust's stock after selling 187,217 shares during the period. SG Americas Securities LLC's holdings in Brixmor Property Group were worth $802,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its holdings in shares of Brixmor Property Group by 6.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock valued at $216,930,000 after acquiring an additional 467,146 shares during the last quarter. Deutsche Bank AG boosted its holdings in 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 in the last quarter. Invesco Ltd. boosted its holdings in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Brixmor Property Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after buying an additional 38,911 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Brixmor Property Group by 7.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock worth $151,155,000 after buying an additional 393,317 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BRX. Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. UBS Group started coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. The Goldman Sachs Group decreased their price objective 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. Finally, Scotiabank decreased 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 report on Monday, May 12th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and an average target price of $30.30.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded up $0.20 during midday trading on Friday, hitting $25.99. The company's stock had a trading volume of 4,350,280 shares, compared to its average volume of 2,257,764. The business's 50 day simple moving average is $25.48 and its 200 day simple moving average is $26.31. 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 company has a market cap of $7.95 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 2.68 and a beta of 1.25. Brixmor Property Group Inc. has a 12-month low of $22.22 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $337.51 million for the quarter, compared to the consensus estimate 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 for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is currently 109.52%.

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.