Northern Trust Corp Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

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

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of 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 acquiring an additional 533 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Brixmor Property Group in the fourth quarter worth $264,000. Nebula Research & Development LLC boosted its holdings in shares of Brixmor Property Group by 296.9% in the 4th quarter. Nebula Research & Development LLC now owns 41,015 shares of the real estate investment trust's stock worth $1,142,000 after buying an additional 30,680 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Brixmor Property Group by 4.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 301,185 shares of the real estate investment trust's stock valued at $8,385,000 after acquiring an additional 13,326 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Brixmor Property Group by 18.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 362,770 shares of the real estate investment trust's stock valued at $10,100,000 after purchasing an additional 56,095 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BRX shares. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Tuesday, February 11th. Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Scotiabank dropped their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Finally, Wells Fargo & Company reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of "Moderate Buy" and an average target price of $30.48.

Brixmor Property Group Stock Down 0.6 %

Shares of BRX stock traded down $0.15 during midday trading on Tuesday, reaching $25.15. 1,482,366 shares of the stock were exchanged, compared to its average volume of 2,201,010. The company's 50 day moving average is $25.68 and its two-hundred day moving average is $27.06. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a market cap of $7.70 billion, a PE ratio of 22.66, a price-to-earnings-growth 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.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, April 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 26.40% and a return on equity of 11.72%. The firm had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. During the same period in the prior year, the firm earned $0.54 EPS. The company's revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Wednesday, July 2nd. 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.