Knights of Columbus Asset Advisors LLC Lowers Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Key Points

• Knights of Columbus Asset Advisors LLC sold 105,631 shares of Brixmor Property Group, reducing its position by 61.7% during the first quarter, leaving it with a total of 65,559 shares valued at approximately $1.74 million.
• Brixmor Property Group's recent earnings report revealed an EPS of $0.56, surpassing analysts' expectations, with a revenue of $337.51 million, indicating a year-over-year growth of 5.4%.
• The stock has received positive ratings from analysts, with twelve analysts recommending a buy, resulting in a consensus rating of "Moderate Buy" and an average target price of $30.30.

Knights of Columbus Asset Advisors LLC lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 61.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 65,559 shares of the real estate investment trust's stock after selling 105,631 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Brixmor Property Group were worth $1,741,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BRX. Transcend Capital Advisors LLC bought a new position in shares of Brixmor Property Group during the 1st quarter worth $356,000. Principal Financial Group Inc. grew its position in shares of Brixmor Property Group by 1.6% during 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. Fifth Third Bancorp grew its position in shares of Brixmor Property Group by 54.6% during the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock worth $122,000 after buying an additional 1,628 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Brixmor Property Group by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock worth $255,000 after buying an additional 861 shares in the last quarter. Finally, Tower View Wealth Management LLC purchased a new position in Brixmor Property Group in the first quarter valued at about $328,000. Institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Scotiabank decreased their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday. UBS Group initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. The Goldman Sachs Group dropped their price target on 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, Mizuho upgraded Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target for the company in a research report on Thursday, July 17th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

Brixmor Property Group Stock Performance

Shares of BRX stock traded up $0.73 during midday trading on Wednesday, hitting $27.08. The company had a trading volume of 853,328 shares, compared to its average volume of 2,422,169. The company's 50 day simple moving average is $25.61 and its 200 day simple moving average is $25.90. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.65 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a return on equity of 11.40% and a net margin of 25.27%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.25%. 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.