Brixmor Property Group Inc (NYSE:BRX) Holdings Lifted by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. increased its holdings in Brixmor Property Group Inc (NYSE:BRX) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 823,959 shares of the real estate investment trust’s stock after acquiring an additional 25,853 shares during the quarter. Coronation Fund Managers Ltd. owned about 0.27% of Brixmor Property Group worth $15,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BRX. Profund Advisors LLC boosted its holdings in shares of Brixmor Property Group by 26.2% during the 2nd quarter. Profund Advisors LLC now owns 12,966 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 2,688 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 valued at $152,000 after acquiring an additional 5,203 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Brixmor Property Group by 56.9% during the 2nd quarter. New York State Common Retirement Fund now owns 653,500 shares of the real estate investment trust’s stock valued at $11,685,000 after acquiring an additional 236,999 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Brixmor Property Group by 6.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,244,831 shares of the real estate investment trust’s stock worth $22,258,000 after buying an additional 71,266 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Brixmor Property Group by 14.2% in the second quarter. Northern Trust Corp now owns 3,074,309 shares of the real estate investment trust’s stock worth $54,968,000 after buying an additional 382,584 shares during the last quarter. Institutional investors own 98.98% of the company’s stock.

A number of research firms recently issued reports on BRX. SunTrust Banks set a $19.00 price objective on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Monday, January 22nd. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a report on Thursday, November 2nd. Barclays decreased their target price on shares of Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Finally, Boenning Scattergood restated a “buy” rating and set a $22.00 target price on shares of Brixmor Property Group in a research note on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and an average target price of $19.75.

Shares of Brixmor Property Group Inc (BRX) opened at $14.38 on Tuesday. The stock has a market cap of $4,339.26, a P/E ratio of 13.57, a PEG ratio of 1.77 and a beta of 0.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group Inc has a 1 year low of $13.74 and a 1 year high of $24.64.

Brixmor Property Group announced that its board has initiated a stock repurchase plan on Tuesday, December 5th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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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.

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

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