Northstar Advisory Group LLC Has $2.08 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Northstar Advisory Group LLC lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 16.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,456 shares of the real estate investment trust's stock after acquiring an additional 10,908 shares during the period. Brixmor Property Group makes up approximately 1.4% of Northstar Advisory Group LLC's investment portfolio, making the stock its 26th largest position. Northstar Advisory Group LLC's holdings in Brixmor Property Group were worth $2,083,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Brixmor Property Group in the fourth quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Brixmor Property Group in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its position in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the period. Quarry LP lifted its position in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 533 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Brixmor Property Group by 140.9% during the fourth quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,140 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Wells Fargo & Company cut their price objective 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. Stifel Nicolaus cut their price objective 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. UBS Group assumed 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. Finally, Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.30.

Brixmor Property Group Trading Down 0.9%

NYSE BRX traded down $0.24 during trading hours on Wednesday, reaching $25.70. The company's stock had a trading volume of 2,439,680 shares, compared to its average volume of 2,234,848. The firm has a fifty day simple moving average of $25.23 and a 200-day simple moving average of $26.53. The stock has a market cap of $7.86 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 52 week low of $22.09 and a 52 week high of $30.67. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

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

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.48%. Brixmor Property Group's dividend payout ratio (DPR) is presently 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.