Brixmor Property Group Inc. (NYSE:BRX) Stock Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 86.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Brixmor Property Group in the 4th quarter worth approximately $110,205,000. Northern Trust Corp grew its stake in shares of 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 worth $135,590,000 after buying an additional 2,388,264 shares during the last quarter. Invesco Ltd. grew its stake in shares of Brixmor Property Group by 61.1% in the 4th 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 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 buying an additional 1,404,034 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its stake in shares of Brixmor Property Group by 406.2% in the 4th 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 buying an additional 1,216,548 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded up $0.19 on Monday, reaching $26.19. 1,702,241 shares of the stock were exchanged, compared to its average volume of 2,252,360. The firm has a market capitalization of $8.02 billion, a PE ratio of 24.94, a PEG ratio of 2.70 and a beta of 1.25. Brixmor Property Group Inc. has a 1-year low of $22.22 and a 1-year high of $30.67. The business has a fifty day moving average price of $25.50 and a two-hundred day moving average price of $26.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73.

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 business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, 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 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 $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.39%. Brixmor Property Group's dividend payout ratio is presently 109.52%.

Analyst Ratings Changes

BRX has been the subject of several research analyst reports. Scotiabank reduced 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 started coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. Mizuho dropped their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price target on 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. Finally, The Goldman Sachs Group reduced their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.30.

Brixmor Property Group Company 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.