Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Vert Asset Management LLC

Vert Asset Management LLC increased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 6.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 141,157 shares of the real estate investment trust’s stock after buying an additional 8,998 shares during the period. Brixmor Property Group comprises approximately 1.3% of Vert Asset Management LLC’s holdings, making the stock its 23rd biggest position. Vert Asset Management LLC’s holdings in Brixmor Property Group were worth $3,748,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BRX. Proficio Capital Partners LLC acquired a new position in Brixmor Property Group in the fourth quarter valued at approximately $620,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brixmor Property Group by 38.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 218,145 shares of the real estate investment trust’s stock worth $6,073,000 after purchasing an additional 60,567 shares during the period. Invesco Ltd. lifted 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 purchasing an additional 2,180,541 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Brixmor Property Group during the 4th quarter valued at approximately $1,699,000. Finally, Raymond James Financial Inc. bought a new position in Brixmor Property Group during the 4th quarter worth $5,549,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BRX shares. Stifel Nicolaus cut their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Scotiabank cut their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 12th. Mizuho reduced their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company dropped 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 research note on Wednesday, March 26th. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $28.00 to $33.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.30.

Brixmor Property Group Stock Performance

BRX opened at $25.59 on Monday. The business has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $26.56. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 1-year low of $22.02 and a 1-year high of $30.67. 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 posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group’s payout ratio is 109.52%.

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.