Northern Trust Corp Has $135.59 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Northern Trust Corp boosted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 96.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,870,342 shares of the real estate investment trust's stock after buying an additional 2,388,264 shares during the quarter. Northern Trust Corp owned 1.61% of Brixmor Property Group worth $135,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BRX. World Investment Advisors LLC bought a new position in Brixmor Property Group during the 3rd quarter worth $385,000. Tidal Investments LLC acquired a new stake in shares of Brixmor Property Group in the 3rd quarter worth about $472,000. Lord Abbett & CO. LLC bought a new stake in Brixmor Property Group in the 3rd quarter valued at about $25,492,000. GAMMA Investing LLC boosted its stake in Brixmor Property Group by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock valued at $141,000 after purchasing an additional 631 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Brixmor Property Group in the 4th quarter worth about $235,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

BRX has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Scotiabank dropped their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded up $0.08 during trading on Thursday, reaching $25.35. 371,644 shares of the company traded hands, compared to its average volume of 2,426,056. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67. The firm has a market capitalization of $7.76 billion, a PE ratio of 22.82, a PEG ratio of 2.66 and a beta of 1.25. The company's 50 day moving average is $25.57 and its two-hundred day moving average is $27.03.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.54%. Brixmor Property Group's dividend payout ratio (DPR) is presently 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.