State of Wyoming Boosts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

State of Wyoming grew its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 292.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,842 shares of the real estate investment trust's stock after purchasing an additional 13,293 shares during the period. State of Wyoming's holdings in Brixmor Property Group were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BRX. Park Avenue Securities LLC raised its holdings in shares of Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock worth $720,000 after buying an additional 12,593 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Brixmor Property Group by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust's stock worth $895,000 after buying an additional 532 shares during the period. UMB Bank n.a. raised its holdings in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after buying an additional 693 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Brixmor Property Group by 67.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,374 shares of the real estate investment trust's stock worth $1,041,000 after buying an additional 14,995 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Brixmor Property Group by 840.9% in the fourth quarter. SG Americas Securities LLC now owns 217,433 shares of the real estate investment trust's stock worth $6,053,000 after buying an additional 194,325 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Down 0.8%

Shares of Brixmor Property Group stock traded down $0.19 during trading on Friday, reaching $24.64. The company's stock had a trading volume of 2,321,620 shares, compared to its average volume of 2,228,719. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67. The company has a 50-day simple moving average of $25.38 and a two-hundred day simple moving average of $26.85.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. As a group, equities analysts forecast 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. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.67%. Brixmor Property Group's payout ratio is presently 109.52%.

Wall Street Analyst Weigh In

BRX has been the topic of several research reports. Evercore ISI upgraded 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. The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Scotiabank reduced their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Mizuho reduced their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.40.

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.