United Services Automobile Association Buys 1,461 Shares of Brixmor Property Group Inc. (NYSE:BRX)

United Services Automobile Association increased its holdings in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,323 shares of the real estate investment trust’s stock after buying an additional 1,461 shares during the period. United Services Automobile Association’s holdings in Brixmor Property Group were worth $614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BRX. BlackRock Inc. boosted its stake in shares of Brixmor Property Group by 0.5% during the 3rd quarter. BlackRock Inc. now owns 35,059,355 shares of the real estate investment trust’s stock valued at $647,545,000 after purchasing an additional 177,462 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Brixmor Property Group during the third quarter valued at approximately $505,000. Putnam Investments LLC increased its holdings in Brixmor Property Group by 10.4% during the third quarter. Putnam Investments LLC now owns 164,244 shares of the real estate investment trust’s stock valued at $3,033,000 after buying an additional 15,521 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Brixmor Property Group by 52.5% during the third quarter. Point72 Asset Management L.P. now owns 1,844,757 shares of the real estate investment trust’s stock valued at $34,073,000 after buying an additional 634,769 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Brixmor Property Group by 1.1% during the third quarter. State of Alaska Department of Revenue now owns 191,179 shares of the real estate investment trust’s stock valued at $3,530,000 after buying an additional 2,088 shares during the last quarter. 95.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wolfe Research upgraded shares of Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Thursday, December 15th. Barclays upped their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.42.

Brixmor Property Group Trading Up 1.4 %

Shares of BRX stock opened at $21.54 on Wednesday. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.70 and a beta of 1.60. Brixmor Property Group Inc. has a twelve month low of $17.62 and a twelve month high of $27.19. The company’s 50-day moving average price is $22.72 and its 200-day moving average price is $21.80. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.76.

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

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors 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 yield of 4.83%. The ex-dividend date is Monday, April 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is 89.66%.

Brixmor Property Group 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.