US Bancorp DE Lowers Stake in Brixmor Property Group Inc. (NYSE:BRX)

US Bancorp DE reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 20.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,659 shares of the real estate investment trust’s stock after selling 1,973 shares during the period. US Bancorp DE’s holdings in Brixmor Property Group were worth $213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Brixmor Property Group by 8.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,059 shares of the real estate investment trust’s stock worth $353,000 after purchasing an additional 1,139 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Brixmor Property Group by 3.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 335,892 shares of the real estate investment trust’s stock worth $7,228,000 after purchasing an additional 10,618 shares during the period. Vanguard Group Inc. increased its stake in Brixmor Property Group by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock worth $1,070,794,000 after purchasing an additional 165,572 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Brixmor Property Group by 6.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 42,205 shares of the real estate investment trust’s stock valued at $990,000 after purchasing an additional 2,437 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Brixmor Property Group by 1.3% during the first quarter. UniSuper Management Pty Ltd now owns 86,321 shares of the real estate investment trust’s stock valued at $2,024,000 after purchasing an additional 1,100 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BRX has been the topic of several analyst reports. KeyCorp lifted their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Wells Fargo & Company increased their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Scotiabank raised their target price on Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Finally, Evercore ISI upped their price target on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.88.

Brixmor Property Group Stock Down 0.6 %

BRX stock opened at $28.68 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.19. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 3.92 and a beta of 1.57. The business’s 50 day moving average price is $27.76 and its two-hundred day moving average price is $25.15. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). The firm had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.00%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.48%.

About Brixmor Property Group

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.