Blue Trust Inc. Increases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Blue Trust Inc. lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 54.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,012 shares of the real estate investment trust’s stock after buying an additional 709 shares during the quarter. Blue Trust Inc.’s holdings in Brixmor Property Group were worth $53,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BRX. Norges Bank bought a new position in shares of Brixmor Property Group in the 4th quarter worth $110,205,000. Northern Trust Corp increased its holdings in shares of Brixmor Property Group by 96.2% in the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock worth $135,590,000 after buying an additional 2,388,264 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after buying an additional 2,180,541 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock worth $163,778,000 after buying an additional 1,404,034 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its holdings in shares of Brixmor Property Group by 406.2% in the 4th quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust’s stock worth $42,207,000 after buying an additional 1,216,548 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Up 1.9%

NYSE:BRX opened at $25.95 on Friday. The company has a 50-day moving average price of $25.54 and a 200-day moving average price of $26.21. Brixmor Property Group Inc. has a 12 month low of $22.29 and a 12 month high of $30.67. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.65 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company 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 24.58% and a return on equity of 10.97%. Brixmor Property Group’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.43%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s dividend payout ratio is currently 109.52%.

Analyst Ratings Changes

BRX has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of 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. Scotiabank reduced their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. The Goldman Sachs Group reduced their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, UBS Group initiated coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a “buy” rating and a $29.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.30.

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.