TCW Group Inc. purchased a new position in Brixmor Property Group Inc. (NYSE:BRX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,158 shares of the real estate investment trust’s stock, valued at approximately $454,000.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in Brixmor Property Group by 35.0% in the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock worth $519,713,000 after acquiring an additional 7,543,528 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Brixmor Property Group by 3.9% during 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 buying an additional 631,948 shares during the period. State Street Corp raised its holdings in Brixmor Property Group by 12.0% during the 2nd quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock worth $192,965,000 after buying an additional 1,159,181 shares during the period. Lasalle Investment Management Securities LLC grew its stake in Brixmor Property Group by 4.5% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 9,125,790 shares of the real estate investment trust’s stock valued at $163,169,000 after acquiring an additional 393,226 shares in the last quarter. Finally, Brookfield Asset Management Inc. grew its stake in shares of Brixmor Property Group by 15.9% in the 2nd quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after buying an additional 908,572 shares in the last quarter. 98.57% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on BRX. Citigroup boosted their price target on Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, August 14th. Barclays reiterated a “hold” rating and set a $22.00 price target on shares of Brixmor Property Group in a report on Monday, August 14th. Boenning Scattergood upgraded Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Tuesday, September 12th. Finally, BMO Capital Markets initiated coverage on Brixmor Property Group in a research note on Monday, September 11th. They issued a “market perform” rating and a $20.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Brixmor Property Group presently has a consensus rating of “Hold” and a consensus price target of $22.11.
Brixmor Property Group Inc. (BRX) traded up $0.43 during trading on Monday, reaching $18.58. The company had a trading volume of 3,161,217 shares, compared to its average volume of 2,850,685. The company has a market capitalization of $5,534.61, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.92 and a beta of 0.52. Brixmor Property Group Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $25.34. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The firm had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. During the same quarter in the prior year, the business earned $0.51 EPS. Brixmor Property Group’s revenue was down 1.3% on a year-over-year basis. research analysts predict that Brixmor Property Group Inc. will post 2.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be paid a $0.275 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, January 3rd. This represents a $1.10 annualized dividend and a yield of 5.92%. Brixmor Property Group’s dividend payout ratio is presently 98.11%.
In other Brixmor Property Group news, EVP Mark Horgan purchased 3,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were bought at an average price of $17.64 per share, with a total value of $52,920.00. Following the completion of the transaction, the executive vice president now directly owns 56,703 shares in the company, valued at approximately $1,000,240.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company’s stock.
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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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