455,447 Shares in Brixmor Property Group Inc. (NYSE:BRX) Bought by Westwood Holdings Group Inc.

Key Points

• Westwood Holdings Group Inc. acquired 455,447 shares of Brixmor Property Group Inc. for approximately $12.1 million, representing a 0.15% stake in the company.
• Brixmor Property Group recently reported a 0.56 earnings per share for the last quarter, exceeding analysts' expectations, along with a 7.5% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.2875, with a dividend yield of 4.5%, set to be paid on October 15th.

Westwood Holdings Group Inc. purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 455,447 shares of the real estate investment trust's stock, valued at approximately $12,092,000. Westwood Holdings Group Inc. owned approximately 0.15% of Brixmor Property Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Securian Asset Management Inc. increased its holdings in shares of Brixmor Property Group by 1.8% during the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after acquiring an additional 400 shares in the last quarter. US Bancorp DE increased its holdings in Brixmor Property Group by 6.0% in the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock worth $227,000 after buying an additional 484 shares in the last quarter. Natixis Advisors LLC increased its holdings in Brixmor Property Group by 0.4% in the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock worth $3,550,000 after buying an additional 519 shares in the last quarter. Ascent Group LLC increased its holdings in Brixmor Property Group by 6.0% in the 4th quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after buying an additional 521 shares in the last quarter. Finally, Quarry LP increased its holdings 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 in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. 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 report on Thursday, May 1st. Mizuho upgraded Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective for the company in a report on Thursday, July 17th. Scotiabank reduced 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. Finally, UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.08.

Brixmor Property Group Price Performance

NYSE:BRX traded down $0.56 during trading hours on Friday, reaching $25.55. The stock had a trading volume of 1,176,364 shares, compared to its average volume of 2,371,119. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The company has a 50 day moving average price of $25.78 and a two-hundred day moving average price of $25.89. The stock has a market capitalization of $7.82 billion, a PE ratio of 23.22, a PEG ratio of 2.70 and a beta of 1.29.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%. The firm had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same quarter in the previous year, the company posted $0.54 EPS. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is currently 104.55%.

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.