Securian Asset Management Inc. Purchases 400 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Securian Asset Management Inc. lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 1.8% in the first quarter, HoldingsChannel reports. The fund owned 23,235 shares of the real estate investment trust’s stock after buying an additional 400 shares during the period. Securian Asset Management Inc.’s holdings in Brixmor Property Group were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Brixmor Property Group in the 4th quarter worth about $26,000. Quarry LP grew its holdings in Brixmor Property Group by 39.0% during the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 533 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 709 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at $71,000. Finally, UMB Bank n.a. grew its position in Brixmor Property Group by 66.3% in the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 1,085 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $25.74 on Friday. The stock’s 50 day moving average is $25.64 and its 200 day moving average is $25.97. Brixmor Property Group Inc. has a twelve month low of $22.29 and a twelve month high of $30.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $7.88 billion, a P/E ratio of 24.51, a PEG ratio of 2.65 and a beta of 1.23.

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 for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 24.58% and a return on equity of 10.97%. The business had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.47%. The ex-dividend date was Wednesday, July 2nd. Brixmor Property Group’s payout ratio is 109.52%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group assumed coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a “buy” rating and a $29.00 price objective for the company. The Goldman Sachs Group dropped their target price on Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Mizuho raised shares of Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $29.00 target price on the stock in a report on Thursday. Scotiabank reduced their price target on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. Finally, Wells Fargo & Company dropped their price target 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. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average target price of $30.30.

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.