LDR Capital Management LLC Acquires 14,026 Shares of Brixmor Property Group Inc. (NYSE:BRX)

LDR Capital Management LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 17.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,412 shares of the real estate investment trust's stock after purchasing an additional 14,026 shares during the quarter. Brixmor Property Group accounts for approximately 3.0% of LDR Capital Management LLC's holdings, making the stock its 15th largest holding. LDR Capital Management LLC's holdings in Brixmor Property Group were worth $2,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in 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 worth $216,930,000 after buying an additional 467,146 shares during the last quarter. Deutsche Bank AG increased its position in 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 worth $163,778,000 after buying an additional 1,404,034 shares during the last quarter. Invesco Ltd. increased its position in 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 worth $160,038,000 after buying an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC increased its position in 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 worth $157,450,000 after buying an additional 38,911 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in 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 worth $151,155,000 after buying an additional 393,317 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX stock traded up $0.20 during trading on Friday, hitting $25.99. The company had a trading volume of 4,350,280 shares, compared to its average volume of 2,254,561. 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 has a market capitalization of $7.95 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The stock's 50-day moving average price is $25.48 and its 200 day moving average price is $26.29. Brixmor Property Group Inc. has a one year low of $22.22 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released 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. 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 company earned $0.54 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.43%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio is presently 109.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group assumed coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company. Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. The Goldman Sachs Group reduced their price objective 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 reduced their price objective 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. Finally, Mizuho reduced 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. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.