GAMMA Investing LLC boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 2,556.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,210 shares of the real estate investment trust's stock after purchasing an additional 129,158 shares during the period. GAMMA Investing LLC's holdings in Brixmor Property Group were worth $3,563,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after acquiring an additional 441 shares in the last quarter. Entropy Technologies LP grew its holdings in Brixmor Property Group by 54.5% during the 4th quarter. Entropy Technologies LP now owns 25,500 shares of the real estate investment trust's stock worth $710,000 after acquiring an additional 9,000 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in Brixmor Property Group during the 4th quarter worth $201,000. Gladstone Institutional Advisory LLC acquired a new position in Brixmor Property Group during the 4th quarter worth $316,000. Finally, Asset Management One Co. Ltd. grew its holdings in Brixmor Property Group by 0.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 448,198 shares of the real estate investment trust's stock worth $12,357,000 after acquiring an additional 4,025 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.
Brixmor Property Group Price Performance
Shares of BRX stock traded down $0.18 during midday trading on Friday, reaching $25.59. 3,134,920 shares of the company were exchanged, compared to its average volume of 2,242,326. Brixmor Property Group Inc. has a 12 month low of $22.09 and a 12 month high of $30.67. The company has a market cap of $7.83 billion, a P/E ratio of 23.05, a PEG ratio of 2.66 and a beta of 1.25. The company's 50 day moving average price is $25.33 and its two-hundred day moving average price is $26.44. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.
Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same period in the previous year, the firm earned $0.54 EPS. Brixmor Property Group's revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.
Brixmor Property Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.49%. Brixmor Property Group's dividend payout ratio (DPR) is 109.52%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on BRX shares. The Goldman Sachs Group decreased their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Scotiabank decreased their price target on shares of 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. Mizuho decreased their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, 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 for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.30.
Read Our Latest Research Report on BRX
Brixmor Property Group Company 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.
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