Mather Group LLC. Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

Mather Group LLC. acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 20,964 shares of the real estate investment trust’s stock, valued at approximately $387,000.

Other institutional investors also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in Brixmor Property Group by 0.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 84,635 shares of the real estate investment trust’s stock valued at $1,563,000 after buying an additional 499 shares during the period. Beacon Pointe Advisors LLC boosted its position in Brixmor Property Group by 5.3% during the 1st quarter. Beacon Pointe Advisors LLC now owns 12,535 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 631 shares during the period. Arizona State Retirement System boosted its position in Brixmor Property Group by 0.8% during the 3rd quarter. Arizona State Retirement System now owns 81,398 shares of the real estate investment trust’s stock valued at $1,503,000 after buying an additional 682 shares during the period. Eaton Vance Management boosted its position in Brixmor Property Group by 1.6% during the 3rd quarter. Eaton Vance Management now owns 45,926 shares of the real estate investment trust’s stock valued at $848,000 after buying an additional 724 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in Brixmor Property Group by 1.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 79,564 shares of the real estate investment trust’s stock valued at $2,054,000 after buying an additional 897 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Brixmor Property Group Stock Up 1.4 %

Shares of Brixmor Property Group stock opened at $21.54 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.57 and a quick ratio of 0.57. The company has a 50-day moving average of $22.72 and a 200 day moving average of $21.80. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.70 and a beta of 1.60. Brixmor Property Group Inc. has a 1 year low of $17.62 and a 1 year high of $27.19.

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

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Tuesday, April 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.83%. The ex-dividend date is Monday, April 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is 89.66%.

Analysts Set New Price Targets

Several brokerages have weighed in on BRX. Barclays increased their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, December 6th. Wolfe Research upgraded shares of Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus price target of $24.42.

About Brixmor Property Group

(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.