Mather Group LLC. Invests $387,000 in Brixmor Property Group Inc. (NYSE:BRX)

Mather Group LLC. bought a new position in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,964 shares of the real estate investment trust’s stock, valued at approximately $387,000.

Several other hedge funds have also recently modified their holdings of BRX. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Brixmor Property Group in the first quarter worth $407,000. AlphaCrest Capital Management LLC raised its stake in Brixmor Property Group by 44.2% during the first quarter. AlphaCrest Capital Management LLC now owns 14,689 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 4,504 shares in the last quarter. APG Asset Management N.V. purchased a new stake in Brixmor Property Group during the first quarter valued at $371,000. Great West Life Assurance Co. Can raised its stake in Brixmor Property Group by 5.5% during the first quarter. Great West Life Assurance Co. Can now owns 406,368 shares of the real estate investment trust’s stock valued at $10,834,000 after purchasing an additional 21,179 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Brixmor Property Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 45,190,584 shares of the real estate investment trust’s stock valued at $1,166,369,000 after purchasing an additional 369,401 shares in the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Brixmor Property Group Trading Up 1.4 %

BRX stock opened at $21.54 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a twelve month low of $17.62 and a twelve month high of $27.19. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.70 and a beta of 1.60. The firm’s fifty day simple moving average is $22.72 and its two-hundred day simple moving average is $21.80.

Brixmor Property Group (NYSE:BRX – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.14). The company had revenue of $308.57 million during the quarter, compared to the consensus estimate of $310.70 million. Brixmor Property Group had a return on equity of 12.57% and a net margin of 29.08%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Tuesday, April 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Monday, April 3rd. Brixmor Property Group’s payout ratio is presently 89.66%.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of recent research reports. Barclays upped their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, December 6th. Wolfe Research raised shares of Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.42.

Brixmor Property Group Company Profile

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.