Brixmor Property Group Inc. (NYSE:BRX) Position Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 26.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,649 shares of the real estate investment trust's stock after selling 229,315 shares during the quarter. Mackenzie Financial Corp owned approximately 0.21% of Brixmor Property Group worth $17,169,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Brixmor Property Group in the fourth quarter valued at $110,205,000. Northern Trust Corp raised its stake in shares of Brixmor Property Group by 96.2% during the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after purchasing an additional 2,388,264 shares in the last quarter. Invesco Ltd. raised its stake in shares of 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 valued at $160,038,000 after purchasing an additional 2,180,541 shares in the last quarter. Deutsche Bank AG raised its stake in shares of 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 valued at $163,778,000 after purchasing an additional 1,404,034 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its stake in shares of Brixmor Property Group by 406.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after purchasing an additional 1,216,548 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Trading Down 2.6%

BRX traded down $0.68 during trading on Friday, reaching $25.45. The company had a trading volume of 2,148,979 shares, compared to its average volume of 2,440,914. The firm's 50-day simple moving average is $25.69 and its 200 day simple moving average is $25.89. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.64 and a beta of 1.29. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.75 and a current ratio of 0.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%. Brixmor Property Group's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BRX shares. Scotiabank cut their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. UBS Group started coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective on the stock in a research note on Thursday, July 17th. Finally, 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 on the stock in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.