Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 107,235.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,027 shares of the real estate investment trust's stock after acquiring 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 reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 521 shares in the last quarter. Quarry LP grew its position in shares of Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 533 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BRX shares. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Tuesday, February 11th. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price for the company. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. The Goldman Sachs Group decreased 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. Finally, Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.30.

Brixmor Property Group Stock Performance

BRX traded up $0.10 during trading on Monday, hitting $25.69. The stock had a trading volume of 2,186,834 shares, compared to its average volume of 2,229,790. The firm has a market capitalization of $7.86 billion, a P/E ratio of 23.14, a PEG ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group Inc. has a twelve month low of $22.02 and a twelve month high of $30.67. The company's 50-day moving average price is $25.20 and its 200 day moving average price is $26.56.

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 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS 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. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 109.52%.

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.