Robeco Institutional Asset Management B.V. Acquires 44,068 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Robeco Institutional Asset Management B.V. raised its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 20.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 261,431 shares of the real estate investment trust's stock after purchasing an additional 44,068 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Brixmor Property Group worth $6,941,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. US Bancorp DE boosted its position in Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock valued at $225,000 after buying an additional 405 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of 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. Ascent Group LLC grew its stake in shares of Brixmor Property Group by 6.0% in the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 521 shares during the last quarter. Quarry LP grew its stake in shares of 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 worth $53,000 after purchasing an additional 533 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in Brixmor Property Group by 7.0% during the 4th quarter. Point72 Hong Kong Ltd now owns 10,367 shares of the real estate investment trust's stock valued at $289,000 after purchasing an additional 677 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on BRX. The Goldman Sachs Group decreased their target price 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. Wells Fargo & Company dropped 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. Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock 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 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average target price of $30.30.

Brixmor Property Group Stock Up 0.6%

BRX stock traded up $0.15 on Thursday, reaching $26.01. 1,014,773 shares of the company traded hands, compared to its average volume of 2,262,076. The firm has a fifty day simple moving average of $25.57 and a 200-day simple moving average of $26.13. The company has a market cap of $7.96 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. Brixmor Property Group Inc. has a one year low of $22.29 and a one year high of $30.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly 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 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 10.97% and a net margin of 24.58%. The company's revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's payout ratio 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.