Edgestream Partners L.P. Sells 13,343 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Edgestream Partners L.P. reduced its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 21.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,621 shares of the real estate investment trust's stock after selling 13,343 shares during the period. Edgestream Partners L.P.'s holdings in Brixmor Property Group were worth $1,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $26,000. Quarry LP raised its position in shares of Brixmor Property Group by 39.0% in the 4th 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 in the last quarter. Blue Trust Inc. boosted its holdings in shares of Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 709 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Brixmor Property Group in the fourth quarter worth $71,000. Finally, UMB Bank n.a. increased its position in Brixmor Property Group by 66.3% during the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after buying an additional 1,085 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Up 1.9%

BRX traded up $0.50 during trading on Tuesday, reaching $26.02. 2,113,353 shares of the stock traded hands, compared to its average volume of 2,305,041. The stock's 50-day simple moving average is $25.63 and its two-hundred day simple moving average is $25.92. Brixmor Property Group Inc. has a fifty-two week low of $22.29 and a fifty-two week high of $30.67. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same period in the prior year, the company posted $0.54 earnings per share. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is presently 109.52%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BRX shares. Wells Fargo & Company decreased their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Mizuho raised shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target on the stock in a research note on Thursday, July 17th. UBS Group initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company. The Goldman Sachs Group decreased their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Scotiabank dropped their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.30.

About Brixmor Property Group

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.