Brixmor Property Group Inc. (NYSE:BRX) Holdings Lifted by United Services Automobile Association

United Services Automobile Association increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,323 shares of the real estate investment trust’s stock after buying an additional 1,461 shares during the quarter. United Services Automobile Association’s holdings in Brixmor Property Group were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BRX. Ronald Blue Trust Inc. purchased a new position in shares of Brixmor Property Group during the second quarter valued at $26,000. Bessemer Group Inc. grew its stake in Brixmor Property Group by 832.8% in the third quarter. Bessemer Group Inc. now owns 1,735 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,549 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in Brixmor Property Group in the third quarter valued at about $42,000. Brown Brothers Harriman & Co. purchased a new position in Brixmor Property Group in the first quarter valued at about $43,000. Finally, Covestor Ltd grew its stake in Brixmor Property Group by 170.2% in the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,159 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Brixmor Property Group Trading Up 1.4 %

Brixmor Property Group stock opened at $21.54 on Wednesday. The business has a 50 day moving average price of $22.72 and a two-hundred day moving average price of $21.80. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.76. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.60. Brixmor Property Group Inc. has a 12 month low of $17.62 and a 12 month high of $27.19.

Brixmor Property Group (NYSE:BRX – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.14). Brixmor Property Group had a net margin of 29.08% and a return on equity of 12.57%. The firm had revenue of $308.57 million during the quarter, compared to analyst estimates of $310.70 million. During the same period last year, the company earned $0.46 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Tuesday, April 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, April 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.83%. Brixmor Property Group’s payout ratio is presently 89.66%.

Wall Street Analyst Weigh In

BRX has been the topic of a number of recent research reports. Barclays boosted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, December 6th. Wolfe Research upgraded Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Thursday, December 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.42.

Brixmor Property Group Company Profile

(Get Rating)

Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.