Mercer Global Advisors Inc. ADV Purchases Shares of 52,829 Brixmor Property Group Inc. (NYSE:BRX)

Mercer Global Advisors Inc. ADV bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 52,829 shares of the real estate investment trust's stock, valued at approximately $1,471,000.

Several other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its position in Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at $26,000. UMB Bank n.a. lifted its holdings in shares of Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 693 shares during the last quarter. Finally, 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 purchasing an additional 533 shares during the period. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 0.2 %

BRX stock traded up $0.06 during trading on Friday, hitting $25.17. 1,594,488 shares of the company's stock traded hands, compared to its average volume of 2,192,177. The firm has a market capitalization of $7.70 billion, a P/E ratio of 22.68, a PEG ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The business has a fifty day simple moving average of $25.47 and a two-hundred day simple moving average of $26.98.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current 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 given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is 109.52%.

Analyst Ratings Changes

Several brokerages have issued reports on BRX. 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 for the company in a research note on Thursday, May 1st. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho reduced their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $30.48.

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.