Transcend Capital Advisors LLC Purchases New Stake in 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,406 shares of the real estate investment trust's stock, valued at approximately $356,000.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 521 shares during the last quarter. Quarry LP increased its position in Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after buying an additional 533 shares during the period. Blue Trust Inc. lifted its holdings in shares of 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 worth $53,000 after buying an additional 709 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Brixmor Property Group by 54.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,508 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 885 shares during the period. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRX. Wells Fargo & Company reduced their price target 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. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Scotiabank cut their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Finally, The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.30.

Brixmor Property Group Stock Up 0.6%

Shares of NYSE:BRX traded up $0.15 during midday trading on Thursday, reaching $26.01. The company had a trading volume of 1,014,773 shares, compared to its average volume of 2,262,076. Brixmor Property Group Inc. has a 1-year low of $22.29 and a 1-year high of $30.67. The stock has a market cap of $7.96 billion, a PE ratio of 24.77, a P/E/G ratio of 2.70 and a beta of 1.23. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The business's 50 day moving average price is $25.57 and its 200 day moving average price is $26.13.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share 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 during the quarter, compared to the consensus estimate of $329.81 million. During the same period last year, the company earned $0.54 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

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 $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 109.52%.

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.