US Bancorp DE Purchases 484 Shares of Brixmor Property Group Inc. (NYSE:BRX)

US Bancorp DE raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 6.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,548 shares of the real estate investment trust’s stock after acquiring an additional 484 shares during the period. US Bancorp DE’s holdings in Brixmor Property Group were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BRX. Envestnet Asset Management Inc. lifted its stake in Brixmor Property Group by 17.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 396,408 shares of the real estate investment trust’s stock valued at $11,036,000 after acquiring an additional 58,275 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Brixmor Property Group in the 4th quarter valued at approximately $5,549,000. Barclays PLC lifted its stake in Brixmor Property Group by 122.5% in the 4th quarter. Barclays PLC now owns 463,961 shares of the real estate investment trust’s stock valued at $12,916,000 after acquiring an additional 255,430 shares in the last quarter. XTX Topco Ltd lifted its stake in Brixmor Property Group by 19.8% in the 4th quarter. XTX Topco Ltd now owns 28,780 shares of the real estate investment trust’s stock valued at $801,000 after acquiring an additional 4,762 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Brixmor Property Group by 6.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after acquiring an additional 467,146 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 1.9%

BRX stock opened at $26.39 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $8.08 billion, a PE ratio of 23.99, a PEG ratio of 2.78 and a beta of 1.29. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The business’s 50 day simple moving average is $25.88 and its 200 day simple moving average is $25.89.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 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. The business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.4%. Brixmor Property Group’s payout ratio is presently 104.55%.

Analysts Set New Price Targets

Several equities research analysts have commented on BRX shares. Stifel Nicolaus cut their target price on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. UBS Group started coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a “buy” rating and a $29.00 target price on the stock. The Goldman Sachs Group dropped their price objective on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Mizuho upgraded Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $29.00 price objective on the stock in a research note on Thursday, July 17th. Finally, Scotiabank dropped their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.08.

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.