Mackenzie Financial Corp Trims Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Mackenzie Financial Corp lowered its position 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 & Exchange Commission. The institutional investor owned 646,649 shares of the real estate investment trust's stock after selling 229,315 shares during the quarter. Mackenzie Financial Corp owned 0.21% of Brixmor Property Group worth $17,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transcend Capital Advisors LLC purchased a new stake in Brixmor Property Group during the 1st quarter worth about $356,000. Principal Financial Group Inc. boosted its stake 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 purchasing an additional 11,040 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Brixmor Property Group by 54.6% during the first 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 raised its position in shares of Brixmor Property Group by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 861 shares during the last quarter. Finally, Tower View Wealth Management LLC purchased a new position in shares of Brixmor Property Group during the first quarter valued at approximately $328,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Ratings Changes

BRX has been the subject of several recent analyst reports. Scotiabank lowered their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Stifel Nicolaus dropped their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday. UBS Group initiated coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. 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 report on Thursday, July 17th. Finally, The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Three research 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 has an average rating of "Moderate Buy" and a consensus target price of $30.08.

Brixmor Property Group Trading Down 2.6%

Shares of BRX stock traded down $0.68 during mid-day trading on Friday, reaching $25.45. The company's stock had a trading volume of 2,148,979 shares, compared to its average volume of 2,440,914. The company's 50 day simple moving average is $25.69 and its 200-day simple moving average is $25.90. The company has a quick ratio of 0.75, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The firm has a market capitalization of $7.79 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.70 and a beta of 1.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, July 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 company had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%. The company's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

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

Brixmor Property Group 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.