Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Brixmor Property Group Inc. by 7.9%, selling 236,783 shares, and now owns approximately 2,763,401 shares valued at $73.37 million.
• Brixmor reported earnings of $0.56 per share for the last quarter, exceeding analyst expectations, with a revenue growth of 7.5% year-over-year.
• The company announced a quarterly dividend of $0.2875 per share, with an annualized yield of 4.3%, while its dividend payout ratio stands at 104.55%.

Russell Investments Group Ltd. lowered its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,763,401 shares of the real estate investment trust's stock after selling 236,783 shares during the period. Russell Investments Group Ltd. owned approximately 0.90% of Brixmor Property Group worth $73,368,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Securian Asset Management Inc. grew its holdings in shares of Brixmor Property Group by 1.8% in the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after purchasing an additional 400 shares in the last quarter. US Bancorp DE lifted its stake in Brixmor Property Group by 6.0% in the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock worth $227,000 after acquiring an additional 484 shares during the last quarter. Natixis Advisors LLC lifted its stake in Brixmor Property Group by 0.4% in the first quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock worth $3,550,000 after acquiring an additional 519 shares during the last quarter. Ascent Group LLC lifted its stake in 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 acquiring an additional 521 shares during the last quarter. Finally, Quarry LP lifted its stake 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 worth $53,000 after acquiring an additional 533 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

BRX stock traded up $0.06 on Friday, hitting $26.44. The company's stock had a trading volume of 1,236,140 shares, compared to its average volume of 2,412,510. The firm has a 50 day moving average of $25.90 and a two-hundred day moving average of $25.89. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.78 and a beta of 1.29. The company has a current ratio of 0.74, a quick 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, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. Brixmor Property Group's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's payout ratio is currently 104.55%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Scotiabank decreased their price target 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. Stifel Nicolaus decreased their price target 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 decreased their price target 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. Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target for the company in a research note on Thursday, July 17th. Finally, UBS Group initiated 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. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of "Moderate Buy" and a consensus price target of $30.08.

Brixmor Property Group 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.