Jupiter Asset Management Ltd. Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• Jupiter Asset Management Ltd. acquired a new position in Brixmor Property Group, purchasing over 1.3 million shares valued at approximately $34.7 million, representing 0.43% ownership of the company.
• Brixmor Property Group announced a quarterly dividend of $0.2875 per share, with a payout ratio of 104.55% and an annualized yield of 4.5%.
• Institutional investors collectively own 98.43% of Brixmor Property Group, which has seen significant increases in holdings from multiple major investors in the last quarter.

Jupiter Asset Management Ltd. bought a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,307,043 shares of the real estate investment trust's stock, valued at approximately $34,702,000. Jupiter Asset Management Ltd. owned approximately 0.43% of Brixmor Property Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Canada Pension Plan Investment Board increased its holdings in shares of Brixmor Property Group by 6.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock worth $216,930,000 after purchasing an additional 467,146 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after purchasing an additional 1,404,034 shares in the last quarter. Invesco Ltd. increased its holdings 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 worth $160,038,000 after purchasing 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% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after purchasing an additional 38,911 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Brixmor Property Group by 7.8% during the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after buying an additional 393,317 shares during the period. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Down 2.6%

Shares of BRX stock opened at $25.45 on Friday. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.70 and a beta of 1.29. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67. The company's fifty day moving average price is $25.69 and its 200-day moving average price is $25.90. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company's revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.5%. Brixmor Property Group's dividend payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BRX shares. Mizuho raised Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target on the stock in a report on Thursday, July 17th. Scotiabank lowered 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. UBS Group started 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 cut their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of "Moderate Buy" and a consensus price target of $30.08.

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.

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