Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 640,521 shares of the real estate investment trust's stock after selling 33,590 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.21% of Brixmor Property Group worth $17,006,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BRX. Securian Asset Management Inc. boosted its stake in shares of Brixmor Property Group by 1.8% during the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock worth $617,000 after acquiring an additional 400 shares during the last quarter. Ascent Group LLC boosted its stake in shares of Brixmor Property Group by 6.0% during the 4th 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. Quarry LP boosted its stake in shares of Brixmor Property Group by 39.0% during the 4th 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. Nisa Investment Advisors LLC boosted its stake in shares of Brixmor Property Group by 0.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 80,350 shares of the real estate investment trust's stock worth $2,133,000 after acquiring an additional 559 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Brixmor Property Group by 5.6% during the 1st quarter. Ballentine Partners LLC now owns 11,967 shares of the real estate investment trust's stock worth $318,000 after acquiring an additional 631 shares during the last quarter. Institutional investors own 98.43% of the company's stock.
Wall Street Analyst Weigh In
BRX has been the topic of several analyst reports. UBS Group initiated coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Scotiabank lowered 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, Mizuho upgraded shares of Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price on the stock in a research note on Thursday, July 17th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.30.
Check Out Our Latest Stock Analysis on Brixmor Property Group
Brixmor Property Group Trading Up 0.4%
NYSE:BRX traded up $0.10 during mid-day trading on Monday, hitting $25.73. 392,142 shares of the stock traded hands, compared to its average volume of 2,400,515. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.66 and a beta of 1.23. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The firm's 50 day moving average is $25.62 and its two-hundred day moving average is $25.90. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73.
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 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, equities research analysts predict 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 was paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.47%. Brixmor Property Group's payout ratio is 109.52%.
About Brixmor Property Group
(
Free Report)
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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