Thrivent Financial For Lutherans trimmed its stake in Brixmor Property Group Inc. (NYSE:BRX) by 41.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 799,466 shares of the real estate investment trust’s stock after selling 559,011 shares during the period. Thrivent Financial For Lutherans owned about 0.26% of Brixmor Property Group worth $14,294,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Brixmor Property Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 47,200,813 shares of the real estate investment trust’s stock worth $1,012,929,000 after purchasing an additional 526,981 shares during the last quarter. BlackRock Inc. grew its position in Brixmor Property Group by 35.0% in the 2nd quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock worth $519,713,000 after purchasing an additional 7,543,528 shares during the last quarter. JPMorgan Chase & Co. grew its position in Brixmor Property Group by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,839,654 shares of the real estate investment trust’s stock worth $301,094,000 after purchasing an additional 631,948 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Brixmor Property Group by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,138,135 shares of the real estate investment trust’s stock worth $281,944,000 after purchasing an additional 797,075 shares during the last quarter. Finally, State Street Corp grew its position in Brixmor Property Group by 3.8% in the 1st quarter. State Street Corp now owns 9,633,414 shares of the real estate investment trust’s stock worth $206,723,000 after purchasing an additional 350,623 shares during the last quarter.
In other Brixmor Property Group news, insider James M. Taylor, Jr. purchased 15,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the purchase, the insider now owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Schreiber purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $374,400. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
Brixmor Property Group Inc. (BRX) opened at 18.57 on Thursday. Brixmor Property Group Inc. has a 12-month low of $17.35 and a 12-month high of $29.14. The company has a market capitalization of $5.66 billion, a P/E ratio of 19.03 and a beta of 0.54. The stock’s 50 day moving average is $19.24 and its 200-day moving average is $19.54.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The business had revenue of $322.80 million for the quarter, compared to the consensus estimate of $315.69 million. During the same period in the prior year, the company posted $0.50 earnings per share. Brixmor Property Group’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts predict that Brixmor Property Group Inc. will post $0.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.04 annualized dividend and a dividend yield of 5.60%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.
BRX has been the topic of several research analyst reports. Barclays PLC decreased their price target on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, June 16th. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research report on Monday, June 19th. KeyCorp restated a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. BidaskClub raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.85.
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About Brixmor Property Group
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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