Pinebridge Investments L.P. lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,671 shares of the real estate investment trust’s stock after selling 7,340 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.07% of Brixmor Property Group worth $4,071,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GSA Capital Partners LLP increased its stake in Brixmor Property Group by 24.7% in the 2nd quarter. GSA Capital Partners LLP now owns 64,373 shares of the real estate investment trust’s stock worth $1,151,000 after purchasing an additional 12,746 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Brixmor Property Group by 6.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,244,831 shares of the real estate investment trust’s stock worth $22,258,000 after purchasing an additional 71,266 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in Brixmor Property Group in the 2nd quarter worth about $10,145,000. Rafferty Asset Management LLC increased its stake in Brixmor Property Group by 30.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 45,262 shares of the real estate investment trust’s stock worth $809,000 after purchasing an additional 10,587 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Brixmor Property Group by 56.9% in the 2nd quarter. New York State Common Retirement Fund now owns 653,500 shares of the real estate investment trust’s stock worth $11,685,000 after purchasing an additional 236,999 shares in the last quarter.
In other news, Director John Schreiber acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of $18.72 per share, with a total value of $187,200.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $374,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James M. Taylor, Jr. acquired 15,600 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the acquisition, the insider now owns 224,793 shares in the company, valued at $4,325,017.32. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.
A number of equities analysts recently weighed in on BRX shares. Barclays PLC reissued a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a research note on Monday, August 14th. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 14th. BMO Capital Markets started coverage on Brixmor Property Group in a research note on Monday, September 11th. They issued a “market perform” rating and a $20.00 price target on the stock. BidaskClub raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.85.
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Shares of Brixmor Property Group Inc. (BRX) traded up 1.265% during midday trading on Thursday, reaching $18.805. The company’s stock had a trading volume of 190,579 shares. The stock has a 50-day moving average of $19.24 and a 200 day moving average of $19.54. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 19.267 and a beta of 0.54. Brixmor Property Group Inc. has a 12 month low of $17.35 and a 12 month high of $29.14.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The company had revenue of $322.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts predict that Brixmor Property Group Inc. will post $0.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is 106.12%.
Brixmor Property Group 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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