OxFORD Asset Management LLP lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,762 shares of the real estate investment trust’s stock after selling 22,998 shares during the period. OxFORD Asset Management LLP’s holdings in Brixmor Property Group were worth $2,535,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Brixmor Property Group by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,477,991 shares of the real estate investment trust’s stock valued at $84,187,000 after buying an additional 240,874 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Brixmor Property Group by 28.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,804,400 shares of the real estate investment trust’s stock valued at $52,723,000 after buying an additional 621,172 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Brixmor Property Group by 111.8% during the 3rd quarter. Wells Fargo & Company MN now owns 476,402 shares of the real estate investment trust’s stock valued at $8,956,000 after buying an additional 251,435 shares in the last quarter. Presima Inc. bought a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $24,750,000. Finally, Cadence Capital Management LLC boosted its holdings in shares of Brixmor Property Group by 68.7% during the 3rd quarter. Cadence Capital Management LLC now owns 21,714 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 8,845 shares in the last quarter. Institutional investors and hedge funds own 98.57% of the company’s stock.
In related news, EVP Mark Horgan purchased 3,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was purchased at an average price of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now directly owns 56,703 shares in the company, valued at $1,000,240.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by insiders.
Brixmor Property Group Inc. (NYSE BRX) opened at $17.81 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $5,467.52, a PE ratio of 8.50, a PEG ratio of 1.93 and a beta of 0.52. Brixmor Property Group Inc. has a 52-week low of $17.23 and a 52-week high of $25.34.
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). The company 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%. Brixmor Property Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. research analysts expect that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.
Brixmor Property Group declared that its Board of Directors has authorized a share buyback program on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Wednesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s payout ratio is currently 98.11%.
A number of analysts have recently commented on BRX shares. Barclays restated a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a report on Monday, August 14th. Mizuho restated a “buy” rating and set a $19.50 target price on shares of Brixmor Property Group in a report on Friday, November 10th. Zacks Investment Research cut shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Boenning Scattergood set a $22.00 target price on shares of Brixmor Property Group and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, BMO Capital Markets started coverage on shares of Brixmor Property Group in a report on Monday, September 11th. They set a “market perform” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.94.
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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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