State of Wyoming Grows Position in Brixmor Property Group Inc. (NYSE:BRX)

State of Wyoming increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 292.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,842 shares of the real estate investment trust’s stock after purchasing an additional 13,293 shares during the period. State of Wyoming’s holdings in Brixmor Property Group were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after purchasing an additional 12,593 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Brixmor Property Group by 1.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock valued at $895,000 after buying an additional 532 shares during the last quarter. UMB Bank n.a. boosted its holdings in Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 693 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Brixmor Property Group by 67.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,374 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 14,995 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Brixmor Property Group by 840.9% in the fourth quarter. SG Americas Securities LLC now owns 217,433 shares of the real estate investment trust’s stock worth $6,053,000 after acquiring an additional 194,325 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

NYSE BRX opened at $26.31 on Tuesday. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.66 and a beta of 1.25. Brixmor Property Group Inc. has a 1-year low of $21.32 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. The business’s fifty day moving average price is $25.44 and its 200-day moving average price is $26.93.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Brixmor Property Group’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group’s payout ratio is 109.52%.

Wall Street Analyst Weigh In

BRX has been the topic of a number of analyst reports. 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. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 11th. Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. The Goldman Sachs Group decreased their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $28.00 to $33.00 in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average price target of $30.40.

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.