Easterly Investment Partners LLC bought a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 310,875 shares of the real estate investment trust's stock, valued at approximately $8,254,000. Easterly Investment Partners LLC owned approximately 0.10% of Brixmor Property Group as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of BRX. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter valued at approximately $110,205,000. Northern Trust Corp grew its stake in Brixmor Property Group by 96.2% during the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after acquiring an additional 2,388,264 shares in the last quarter. Invesco Ltd. grew its stake 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 valued at $160,038,000 after acquiring an additional 2,180,541 shares in the last quarter. Deutsche Bank AG grew its stake 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 valued at $163,778,000 after acquiring an additional 1,404,034 shares in the last quarter. Finally, Clark Capital Management Group Inc. grew its stake in Brixmor Property Group by 406.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after acquiring an additional 1,216,548 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.
Analyst Upgrades and Downgrades
BRX has been the subject of a number of research reports. UBS Group initiated 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 for the company. Wells Fargo & Company cut 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 research note on Wednesday, March 26th. The Goldman Sachs Group cut 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 research note on Thursday, May 1st. Scotiabank cut their price objective 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. Finally, Mizuho raised shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.30.
Read Our Latest Research Report on BRX
Brixmor Property Group Stock Down 0.8%
Shares of NYSE:BRX traded down $0.21 during midday trading on Friday, reaching $25.53. The company's stock had a trading volume of 2,290,273 shares, compared to its average volume of 2,305,588. Brixmor Property Group Inc. has a 12-month low of $22.29 and a 12-month high of $30.67. The firm has a 50 day moving average of $25.65 and a 200-day moving average of $25.93. The firm has a market capitalization of $7.81 billion, a P/E ratio of 24.31, a PEG ratio of 2.65 and a beta of 1.23. The company has a quick ratio of 0.75, a current 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 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company 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%. Brixmor Property Group's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. On average, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.
Brixmor Property Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend was Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.
About Brixmor Property Group
(
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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