UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 165,468 Shares of Brixmor Property Group Inc. (NYSE:BRX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,199,942 shares of the real estate investment trust's stock after selling 165,468 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.73% of Brixmor Property Group worth $61,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BRX. US Bancorp DE increased its position in Brixmor Property Group by 5.3% during the fourth quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after buying an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Brixmor Property Group by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock worth $1,710,000 after buying an additional 434 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Brixmor Property Group by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 441 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Brixmor Property Group by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after acquiring an additional 511 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Brixmor Property Group by 124.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Down 1.0%

Shares of NYSE BRX traded down $0.26 on Friday, reaching $25.36. 665,817 shares of the company's stock traded hands, compared to its average volume of 2,230,701. The business's 50 day simple moving average is $25.32 and its two-hundred day simple moving average is $26.76. Brixmor Property Group Inc. has a 12 month low of $21.57 and a 12 month high of $30.67. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79.

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 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 during the quarter, compared to analyst estimates of $329.81 million. During the same period in the previous year, the business earned $0.54 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal 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 issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is currently 109.52%.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research reports. Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group reduced their price target on shares of 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. Finally, UBS Group started coverage on Brixmor Property Group in a research note on Friday. They set a "buy" rating and a $29.00 target price for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.