Transcend Capital Advisors LLC Buys Shares of 13,406 Brixmor Property Group Inc. (NYSE:BRX)

Transcend Capital Advisors LLC acquired a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,406 shares of the real estate investment trust's stock, valued at approximately $356,000.

A number of other institutional investors also recently bought and sold shares of BRX. Robeco Institutional Asset Management B.V. lifted its stake in shares of Brixmor Property Group by 20.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 261,431 shares of the real estate investment trust's stock worth $6,941,000 after purchasing an additional 44,068 shares during the period. Fourth Dimension Wealth LLC increased its stake in shares of Brixmor Property Group by 76.5% in the 1st quarter. Fourth Dimension Wealth LLC now owns 4,529 shares of the real estate investment trust's stock worth $120,000 after purchasing an additional 1,963 shares in the last quarter. Tower View Wealth Management LLC bought a new position in Brixmor Property Group in the 1st quarter worth $328,000. Retirement Systems of Alabama lifted its position in Brixmor Property Group by 0.5% during the first quarter. Retirement Systems of Alabama now owns 995,856 shares of the real estate investment trust's stock valued at $26,440,000 after purchasing an additional 5,073 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Brixmor Property Group by 54.4% during the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 709 shares during the period. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 0.5%

Shares of NYSE BRX opened at $26.06 on Monday. The firm's 50-day moving average price is $25.55 and its 200-day moving average price is $26.15. Brixmor Property Group Inc. has a 12-month low of $22.29 and a 12-month high of $30.67. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.71 and a beta of 1.25. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research 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 Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.41%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is presently 109.52%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BRX. Scotiabank lowered their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. UBS Group began coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. The Goldman Sachs Group decreased their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, 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 report on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group currently has an average rating of "Moderate Buy" and a consensus target price of $30.30.

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.

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