Raymond James Financial Inc. Acquires Shares of 199,311 Brixmor Property Group Inc. (NYSE:BRX)

Raymond James Financial Inc. purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 199,311 shares of the real estate investment trust's stock, valued at approximately $5,549,000. Raymond James Financial Inc. owned 0.07% of Brixmor Property Group at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Park Avenue Securities LLC grew its position in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock valued at $720,000 after acquiring an additional 12,593 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $620,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brixmor Property Group by 38.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust's stock worth $6,073,000 after buying an additional 60,567 shares in the last quarter. Invesco Ltd. increased its position in shares of Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust's stock worth $160,038,000 after purchasing an additional 2,180,541 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in Brixmor Property Group in the 4th quarter valued at about $1,699,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.01 during mid-day trading on Wednesday, reaching $24.90. 2,677,954 shares of the stock traded hands, compared to its average volume of 2,221,627. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The firm has a fifty day moving average price of $25.79 and a 200 day moving average price of $27.11.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for 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 revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. As a group, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is 103.60%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Evercore ISI upgraded shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company decreased their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Mizuho dropped their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Scotiabank reduced their price objective on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Finally, Stifel Nicolaus lowered their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.