NBC Securities Inc. Has $398,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

NBC Securities Inc. raised its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 107,235.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,027 shares of the real estate investment trust's stock after purchasing an additional 15,013 shares during the period. NBC Securities Inc.'s holdings in Brixmor Property Group were worth $398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Canada Pension Plan Investment Board boosted its position in shares of Brixmor Property Group by 6.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust's stock valued at $216,930,000 after acquiring an additional 467,146 shares during the period. Deutsche Bank AG boosted its position in shares of Brixmor Property Group by 31.3% in 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 acquiring an additional 1,404,034 shares during the period. Invesco Ltd. boosted its position in shares of Brixmor Property Group by 61.1% in 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 acquiring an additional 2,180,541 shares during the period. Geode Capital Management LLC boosted its position in shares of Brixmor Property Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock valued at $157,450,000 after acquiring an additional 38,911 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Brixmor Property Group by 7.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after acquiring an additional 393,317 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.5%

Shares of NYSE BRX opened at $25.04 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 12 month low of $22.02 and a 12 month high of $30.67. The stock has a 50-day moving average price of $25.21 and a two-hundred day moving average price of $26.64.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

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 4.59%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is 109.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRX. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Mizuho reduced their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Finally, UBS Group began 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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