Clark Capital Management Group Inc. Has $42.21 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Clark Capital Management Group Inc. boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 406.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,516,041 shares of the real estate investment trust’s stock after acquiring an additional 1,216,548 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Brixmor Property Group were worth $42,207,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BRX. V Square Quantitative Management LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter valued at $26,000. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the period. Headlands Technologies LLC bought a new stake in shares of Brixmor Property Group during the 4th quarter valued at $26,000. UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 693 shares during the period. Finally, Quarry LP boosted its position in shares of Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 533 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.6 %

Shares of Brixmor Property Group stock opened at $25.29 on Thursday. Brixmor Property Group Inc. has a 1 year low of $21.32 and a 1 year high of $30.67. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.66 and a beta of 1.25. The business has a fifty day simple moving average of $25.57 and a two-hundred day simple moving average of $27.03. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 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 business had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the business earned $0.54 EPS. Brixmor Property Group’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s dividend payout ratio is currently 109.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BRX shares. The Goldman Sachs Group lowered their price target on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Scotiabank lowered their price objective on shares of Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Mizuho reduced their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $30.48.

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.