Charles Schwab Investment Management Inc. Grows Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Charles Schwab Investment Management Inc. increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,141,430 shares of the real estate investment trust's stock after purchasing an additional 189,562 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.68% of Brixmor Property Group worth $136,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP raised its holdings in shares of 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 worth $53,000 after acquiring an additional 533 shares during the period. Blue Trust Inc. increased its holdings in 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 worth $53,000 after purchasing an additional 709 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Brixmor Property Group in the 1st quarter valued at about $59,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $71,000. Finally, UMB Bank n.a. lifted its holdings in shares of Brixmor Property Group by 66.3% in the first quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after purchasing an additional 1,085 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 2.5%

NYSE BRX traded up $0.64 during trading hours on Tuesday, hitting $26.45. The company's stock had a trading volume of 2,379,009 shares, compared to its average volume of 2,370,950. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The company has a market capitalization of $8.10 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The company's 50-day simple moving average is $25.82 and its two-hundred day simple moving average is $25.89.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted 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 firm had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BRX shares. 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 research note on Monday, May 12th. Mizuho raised 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 research report on Thursday, July 17th. UBS Group started coverage on shares of 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. Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Finally, The Goldman Sachs Group decreased their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.08.

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.