Envestnet Asset Management Inc. Grows Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Envestnet Asset Management Inc. raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 23.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 488,776 shares of the real estate investment trust's stock after buying 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.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BRX. Canada Pension Plan Investment Board increased its holdings in shares of Brixmor Property Group by 6.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock valued at $216,930,000 after acquiring an additional 467,146 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of 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. Invesco Ltd. increased its holdings in shares of 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. Geode Capital Management LLC increased its holdings in shares of Brixmor Property Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock valued at $157,450,000 after acquiring an additional 38,911 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Brixmor Property Group by 7.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after acquiring an additional 393,317 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BRX shares. Mizuho raised Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price on the stock in a research report on Thursday, July 17th. Scotiabank reduced their price objective on 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. The Goldman Sachs Group reduced their price objective on 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. UBS Group assumed coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Finally, Wells Fargo & Company cut 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. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $30.30.

Brixmor Property Group Stock Up 0.1%

Shares of NYSE BRX traded up $0.03 during mid-day trading on Wednesday, reaching $26.03. 2,032,839 shares of the company were exchanged, compared to its average volume of 2,301,336. 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 stock has a market cap of $7.97 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 2.70 and a beta of 1.23. Brixmor Property Group Inc. has a 1 year low of $22.29 and a 1 year high of $30.67. The firm has a 50-day moving average of $25.63 and a 200 day moving average of $25.92.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued 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 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 analysts' expectations of $329.81 million. During the same period in the prior year, the business posted $0.54 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

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

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.