Federated Investors Inc. PA reduced its position in Brixmor Property Group Inc (NYSE:BRX) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,868 shares of the real estate investment trust’s stock after selling 816 shares during the period. Federated Investors Inc. PA’s holdings in Brixmor Property Group were worth $485,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. TLP Group LLC bought a new position in shares of Brixmor Property Group during the third quarter worth approximately $118,000. ClariVest Asset Management LLC bought a new position in shares of Brixmor Property Group during the third quarter worth approximately $170,000. Public Employees Retirement Association of Colorado increased its position in shares of Brixmor Property Group by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 6,165 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 25 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Brixmor Property Group during the third quarter worth approximately $195,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Brixmor Property Group by 46.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 7,775 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 2,466 shares in the last quarter.
Brixmor Property Group Inc (NYSE:BRX) traded down 1.28% during midday trading on Friday, reaching $21.56. 737,461 shares of the company were exchanged. Brixmor Property Group Inc has a 52 week low of $20.62 and a 52 week high of $29.14. The company has a market capitalization of $6.56 billion, a PE ratio of 23.67 and a beta of 0.54. The firm has a 50-day moving average price of $21.48 and a 200-day moving average price of $23.85.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 13th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.20. The company earned $324 million during the quarter, compared to the consensus estimate of $322.05 million. Brixmor Property Group had a net margin of 21.60% and a return on equity of 9.51%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities research analysts anticipate that Brixmor Property Group Inc will post $0.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Wednesday, April 5th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend was Monday, April 3rd. Brixmor Property Group’s payout ratio is 114.29%.
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Several equities research analysts have recently weighed in on the stock. SunTrust Banks, Inc. raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, January 19th. They noted that the move was a valuation call. Barclays PLC lowered their price target on shares of Brixmor Property Group from $28.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 23rd. Boenning Scattergood cut shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, March 22nd. Zacks Investment Research cut shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 3rd. Finally, Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $28.17.
In related news, EVP Steven F. Siegel sold 6,000 shares of Brixmor Property Group stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $24.22, for a total transaction of $145,320.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James M. Taylor, Jr. acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The shares were bought at an average price of $21.17 per share, for a total transaction of $105,850.00. Following the completion of the purchase, the insider now owns 189,893 shares of the company’s stock, valued at $4,020,034.81. The disclosure for this purchase can be found here. 0.22% of the stock is owned by insiders.
Brixmor Property Group Company Profile
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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