Brixmor Property Group Inc. (NYSE:BRX) Stake Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 23.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 488,776 shares of the real estate investment trust's stock after purchasing an additional 92,368 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Brixmor Property Group worth $12,977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Chilton Capital Management LLC increased its holdings in Brixmor Property Group by 0.6% during the first quarter. Chilton Capital Management LLC now owns 482,267 shares of the real estate investment trust's stock valued at $12,804,000 after buying an additional 3,027 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Brixmor Property Group by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after buying an additional 11,040 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Brixmor Property Group by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 62,135 shares of the real estate investment trust's stock worth $1,650,000 after purchasing an additional 700 shares during the period. Summit Trail Advisors LLC grew its position in Brixmor Property Group by 68.8% in the 1st quarter. Summit Trail Advisors LLC now owns 12,198 shares of the real estate investment trust's stock valued at $324,000 after acquiring an additional 4,971 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Brixmor Property Group by 7.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 79,252 shares of the real estate investment trust's stock valued at $2,104,000 after buying an additional 5,762 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.02 on Monday, reaching $25.53. The stock had a trading volume of 1,636,536 shares, compared to its average volume of 2,302,911. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $7.81 billion, a PE ratio of 24.32, a PEG ratio of 2.65 and a beta of 1.23. The firm has a 50-day moving average of $25.65 and a 200 day moving average of $25.93. Brixmor Property Group Inc. has a twelve month low of $22.29 and a twelve month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 10.97% and a net margin of 24.58%. The company had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Wednesday, July 2nd. Brixmor Property Group's payout ratio is 109.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BRX shares. UBS Group initiated 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. Scotiabank cut their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Mizuho raised Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective on the stock in a report on Thursday. Wells Fargo & Company dropped their target price on shares of 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. Finally, The Goldman Sachs Group dropped their target price on shares of 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. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.