174,000 Shares in Brixmor Property Group Inc (BRX) Acquired by Green Street Investors LLC

Green Street Investors LLC acquired a new stake in shares of Brixmor Property Group Inc (NYSE:BRX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 174,000 shares of the real estate investment trust’s stock, valued at approximately $3,247,000. Brixmor Property Group makes up about 1.8% of Green Street Investors LLC’s portfolio, making the stock its 20th biggest position. Green Street Investors LLC owned approximately 0.06% of Brixmor Property Group at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BRX. Presima Inc. bought a new stake in Brixmor Property Group during the 3rd quarter valued at approximately $24,750,000. State Street Corp boosted its position in shares of Brixmor Property Group by 12.0% in 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 purchasing an additional 1,159,181 shares in the last quarter. Brookfield Asset Management Inc. boosted its position 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 worth $118,341,000 after purchasing an additional 908,572 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of 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 worth $29,150,000 after purchasing an additional 884,018 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Brixmor Property Group by 426.5% in the 4th quarter. Bank of Montreal Can now owns 1,044,544 shares of the real estate investment trust’s stock worth $19,491,000 after purchasing an additional 846,132 shares in the last quarter. 98.57% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on BRX. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reissued a “buy” rating and issued a $19.50 price target on shares of Brixmor Property Group in a research report on Friday, November 10th. Boenning Scattergood reissued a “buy” rating and issued a $22.00 price target on shares of Brixmor Property Group in a research report on Thursday, December 7th. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Mitsubishi UFJ Financial Group raised Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Brixmor Property Group has a consensus rating of “Hold” and a consensus price target of $20.38.

Brixmor Property Group Inc (NYSE:BRX) traded up $0.02 during mid-day trading on Tuesday, reaching $17.14. The company had a trading volume of 5,384,300 shares, compared to its average volume of 3,162,686. The company has a market cap of $5,240.00, a PE ratio of 16.17, a PEG ratio of 2.13 and a beta of 0.52. Brixmor Property Group Inc has a fifty-two week low of $16.53 and a fifty-two week high of $24.94. 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 (NYSE:BRX) last released its quarterly earnings data 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 business had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. analysts predict that Brixmor Property Group Inc will post 2.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, January 4th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a yield of 6.42%. Brixmor Property Group’s dividend payout ratio is 103.77%.

Brixmor Property Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 5th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

In other Brixmor Property Group news, EVP Mark Horgan acquired 3,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average cost of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

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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.

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

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