Ballentine Partners LLC Acquires 631 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Ballentine Partners LLC boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,967 shares of the real estate investment trust’s stock after purchasing an additional 631 shares during the period. Ballentine Partners LLC’s holdings in Brixmor Property Group were worth $318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board lifted its stake in Brixmor Property Group by 6.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock worth $216,930,000 after purchasing an additional 467,146 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after acquiring an additional 1,404,034 shares during the last quarter. Invesco Ltd. lifted its stake 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 valued at $160,038,000 after acquiring an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Brixmor Property Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after acquiring an additional 38,911 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Brixmor Property Group by 7.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust’s stock valued at $151,155,000 after acquiring an additional 393,317 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Performance

BRX stock opened at $25.28 on Wednesday. The stock has a 50-day moving average price of $25.63 and a 200-day moving average price of $25.99. Brixmor Property Group Inc. has a 1-year low of $22.29 and a 1-year high of $30.67. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73. The firm has a market cap of $7.74 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.69 and a beta of 1.23.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same period last year, the company posted $0.54 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BRX. The Goldman Sachs Group dropped 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. 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 note on Wednesday, March 26th. Scotiabank decreased their price objective 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, UBS Group started coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a “buy” rating and a $29.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.30.

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.