State Street Corp boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 12.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,792,595 shares of the real estate investment trust’s stock after acquiring an additional 1,159,181 shares during the quarter. State Street Corp owned 3.54% of Brixmor Property Group worth $192,965,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in BRX. BlackRock Inc. raised its holdings in shares of Brixmor Property Group by 2,015.3% during the 1st quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock worth $461,888,000 after acquiring an additional 20,505,706 shares during the period. Nuveen Asset Management LLC grew its position in Brixmor Property Group by 50.6% in the 1st quarter. Nuveen Asset Management LLC now owns 4,610,796 shares of the real estate investment trust’s stock valued at $98,948,000 after acquiring an additional 1,549,548 shares in the last quarter. First Manhattan Co. grew its position in Brixmor Property Group by 399.3% in the 2nd quarter. First Manhattan Co. now owns 1,537,970 shares of the real estate investment trust’s stock valued at $27,498,000 after acquiring an additional 1,229,970 shares in the last quarter. Macquarie Group Ltd. grew its position in Brixmor Property Group by 118.5% in the 2nd quarter. Macquarie Group Ltd. now owns 1,630,279 shares of the real estate investment trust’s stock valued at $29,150,000 after acquiring an additional 884,018 shares in the last quarter. Finally, First Quadrant L P CA grew its position in Brixmor Property Group by 142.0% in the 2nd quarter. First Quadrant L P CA now owns 1,367,926 shares of the real estate investment trust’s stock valued at $24,459,000 after acquiring an additional 802,739 shares in the last quarter.
A number of equities analysts have recently commented on the company. Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Barclays PLC lowered their price objective on Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. KeyCorp restated a “hold” rating on shares of Brixmor Property Group in a research note on Friday, August 25th. Finally, Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.50.
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Brixmor Property Group Inc. (NYSE BRX) traded up 1.102% during midday trading on Friday, hitting $17.885. The stock had a trading volume of 1,791,540 shares. Brixmor Property Group Inc. has a one year low of $17.32 and a one year high of $25.92. The stock has a 50-day moving average price of $18.89 and a 200 day moving average price of $19.05. The firm has a market cap of $5.45 billion, a PE ratio of 18.325 and a beta of 0.53.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $322.80 million during the quarter, compared to analysts’ expectations of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. On average, analysts predict that Brixmor Property Group Inc. will post $0.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Thursday, October 5th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.88%. The ex-dividend date was Wednesday, October 4th. Brixmor Property Group’s payout ratio is 106.12%.
In related news, Director John Schreiber acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James M. Taylor, Jr. acquired 15,600 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $19.24 per share, with a total value of $300,144.00. Following the acquisition, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.
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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