Vanguard Group Inc. Buys 99,405 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Vanguard Group Inc. raised its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,459,683 shares of the real estate investment trust's stock after buying an additional 99,405 shares during the quarter. Vanguard Group Inc. owned 14.85% of Brixmor Property Group worth $1,206,955,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BRX. Quarry LP boosted its position 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 valued at $53,000 after acquiring an additional 533 shares in the last quarter. Blue Trust Inc. lifted its stake 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 worth $53,000 after purchasing an additional 709 shares during the period. Avalon Trust Co bought a new position in Brixmor Property Group during the first quarter worth about $59,000. Fourth Dimension Wealth LLC acquired a new stake in Brixmor Property Group during the fourth quarter valued at approximately $71,000. Finally, UMB Bank n.a. grew its stake in shares of Brixmor Property Group by 66.3% in the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after purchasing an additional 1,085 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of recent research reports. UBS Group began coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price for the company. Stifel Nicolaus dropped their price objective on 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. Scotiabank cut their price objective 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. Mizuho raised 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 report on Thursday, July 17th. Finally, The Goldman Sachs Group dropped their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.08.

Brixmor Property Group Price Performance

NYSE BRX traded up $0.64 on Tuesday, hitting $26.45. 2,379,009 shares of the company were exchanged, compared to its average volume of 2,370,950. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The firm has a 50 day moving average of $25.82 and a two-hundred day moving average of $25.89. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The company has a market cap of $8.10 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.67 and a beta of 1.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, July 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. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The company's revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

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 given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

About Brixmor Property Group

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.