Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 18.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,770 shares of the real estate investment trust’s stock after buying an additional 56,095 shares during the period. Price T Rowe Associates Inc. MD owned 0.12% of Brixmor Property Group worth $10,100,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BRX. Canada Pension Plan Investment Board increased its stake in shares of Brixmor Property Group by 6.4% during the fourth 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 during the period. Invesco Ltd. boosted its stake in Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after purchasing an additional 2,180,541 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after purchasing an additional 38,911 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Brixmor Property Group by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,685,872 shares of the real estate investment trust’s stock worth $130,452,000 after buying an additional 38,427 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at $110,205,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BRX. Stifel Nicolaus dropped their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group cut their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Finally, Scotiabank decreased their target price on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.48.

Brixmor Property Group Stock Performance

BRX stock opened at $25.68 on Friday. The firm has a 50 day simple moving average of $25.72 and a 200 day simple moving average of $27.09. Brixmor Property Group Inc. has a 52 week low of $21.32 and a 52 week high of $30.67. The stock has a market cap of $7.86 billion, a P/E ratio of 23.13, a P/E/G ratio of 2.66 and a beta of 1.30. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last issued its 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. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 103.60%.

About Brixmor Property Group

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.