Exchange Traded Concepts LLC Buys 29,338 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Exchange Traded Concepts LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 10,403.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,620 shares of the real estate investment trust's stock after buying an additional 29,338 shares during the period. Exchange Traded Concepts LLC's holdings in Brixmor Property Group were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BRX. Fifth Third Bancorp raised its holdings in Brixmor Property Group by 54.6% in the first quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 1,628 shares during the period. Proficio Capital Partners LLC bought a new position in Brixmor Property Group during the fourth quarter worth about $620,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brixmor Property Group by 38.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock worth $6,073,000 after purchasing an additional 60,567 shares during the period. Invesco Ltd. grew its position in shares of Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock valued at $160,038,000 after purchasing an additional 2,180,541 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth approximately $1,699,000. 98.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BRX. UBS Group began coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company. The Goldman Sachs Group lowered their target price 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. Scotiabank cut their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Wells Fargo & Company dropped 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. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.30.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded down $0.10 on Tuesday, hitting $26.08. The company had a trading volume of 2,020,923 shares, compared to its average volume of 2,251,437. The stock has a 50 day moving average price of $25.50 and a 200 day moving average price of $26.24. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 2.70 and a beta of 1.25. Brixmor Property Group Inc. has a 1-year low of $22.22 and a 1-year high of $30.67.

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 (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $337.51 million during 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%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. Analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.41%. Brixmor Property Group's payout ratio is presently 109.52%.

Brixmor Property Group 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.