Quantbot Technologies LP Boosts Position in Brixmor Property Group Inc. (BRX)

Quantbot Technologies LP boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 25.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 82,481 shares of the real estate investment trust’s stock after purchasing an additional 16,773 shares during the period. Quantbot Technologies LP’s holdings in Brixmor Property Group were worth $1,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pacer Advisors Inc. boosted its stake in shares of Brixmor Property Group by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 554 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Brixmor Property Group by 621.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Brixmor Property Group by 159.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 5,203 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Brixmor Property Group by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Brixmor Property Group by 58.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 3,538 shares in the last quarter. 98.57% of the stock is currently owned by institutional investors.

In other news, EVP Mark Horgan purchased 3,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was acquired at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the acquisition, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

Brixmor Property Group Inc. (BRX) traded up $0.43 on Monday, reaching $18.58. 3,161,217 shares of the company’s stock were exchanged, compared to its average volume of 2,850,685. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. Brixmor Property Group Inc. has a twelve month low of $17.23 and a twelve month high of $25.34. The stock has a market cap of $5,534.61, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.92 and a beta of 0.52.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The business had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. sell-side analysts forecast that Brixmor Property Group Inc. will post 2.08 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, January 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.92%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio (DPR) is currently 98.11%.

BRX has been the topic of several recent analyst reports. ValuEngine raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Mizuho raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Monday, August 14th. Boenning Scattergood set a $22.00 price target on shares of Brixmor Property Group and gave the company a “buy” rating in a research note on Wednesday, November 1st. BMO Capital Markets set a $20.00 price target on shares of Brixmor Property Group and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Two investment 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 currently has an average rating of “Hold” and a consensus price target of $22.11.

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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.

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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