Pacer Advisors Inc. Has $895,000 Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Pacer Advisors Inc. reduced its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 43.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,712 shares of the real estate investment trust's stock after selling 25,803 shares during the period. Pacer Advisors Inc.'s holdings in Brixmor Property Group were worth $895,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Brixmor Property Group in the fourth quarter valued at about $26,000. Quarry LP boosted its position in Brixmor Property Group by 39.0% in the fourth 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 in the last quarter. Blue Trust Inc. boosted its position in Brixmor Property Group by 54.4% in the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 709 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Brixmor Property Group in the fourth quarter worth about $71,000. Finally, UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 66.3% in the first quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock worth $72,000 after acquiring an additional 1,085 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of BRX traded down $0.68 during trading hours on Friday, hitting $25.45. The company had a trading volume of 2,148,979 shares, compared to its average volume of 2,440,914. The firm 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. The business has a fifty day moving average of $25.69 and a 200-day moving average of $25.89. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. 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 (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. During the same period last year, the firm earned $0.54 earnings per share. Brixmor Property Group's revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research analyst reports. Mizuho raised shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price for the company in a research note on Thursday, July 17th. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. The Goldman Sachs Group dropped 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 research note on Thursday, May 1st. Scotiabank dropped 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. Finally, UBS Group initiated coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.