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

Exchange Traded Concepts LLC raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 10,403.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,620 shares of the real estate investment trust's stock after purchasing an additional 29,338 shares during the quarter. Exchange Traded Concepts LLC's holdings in Brixmor Property Group were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of BRX. Smartleaf Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $26,000. Quarry LP grew 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 buying an additional 533 shares during the last quarter. Venturi Wealth Management LLC grew its position in Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Brixmor Property Group by 54.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 885 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 0.8%

BRX traded up $0.20 during trading on Friday, reaching $25.99. The company had a trading volume of 4,350,280 shares, compared to its average volume of 2,254,561. Brixmor Property Group Inc. has a 12-month low of $22.22 and a 12-month high of $30.67. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.75. The firm's 50-day simple moving average is $25.48 and its 200 day simple moving average is $26.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share 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 analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. Equities 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is 109.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BRX shares. Mizuho lowered their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. 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 report on Monday, May 12th. UBS Group assumed 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 target for the company. Wells Fargo & Company lowered their price objective 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. Finally, The Goldman Sachs Group decreased 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. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.