Quantitative Investment Management LLC decreased its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 54.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,400 shares of the real estate investment trust’s stock after selling 258,900 shares during the period. Quantitative Investment Management LLC owned about 0.07% of Brixmor Property Group worth $4,038,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in Brixmor Property Group during the third quarter worth about $100,000. CIBC Asset Management Inc bought a new position in Brixmor Property Group during the third quarter worth about $191,000. IFM Investors Pty Ltd bought a new position in Brixmor Property Group during the third quarter worth about $197,000. Meeder Asset Management Inc. lifted its stake in Brixmor Property Group by 53.2% during the fourth quarter. Meeder Asset Management Inc. now owns 12,172 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 4,225 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Brixmor Property Group by 244.2% during the third quarter. Toronto Dominion Bank now owns 12,877 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 9,136 shares during the period. Hedge funds and other institutional investors own 99.72% of the company’s stock.
Shares of NYSE:BRX traded down $0.22 during trading on Friday, reaching $15.04. The stock had a trading volume of 2,111,318 shares, compared to its average volume of 3,077,420. Brixmor Property Group Inc has a 52 week low of $13.74 and a 52 week high of $22.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $4,649.78, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 1.89 and a beta of 0.39.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.27). The company had revenue of $320.06 million during the quarter, compared to analyst estimates of $312.97 million. Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. analysts forecast that Brixmor Property Group Inc will post 2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, April 5th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend is Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio is currently 52.63%.
BRX has been the subject of a number of analyst reports. Mizuho cut shares of Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Monday, December 11th. Boenning Scattergood cut shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 14th. ValuEngine cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Citigroup upgraded shares of Brixmor Property Group to an “overweight” rating and lifted their target price for the company from $19.00 to $21.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Mitsubishi UFJ Financial Group upgraded shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Brixmor Property Group currently has a consensus rating of “Hold” and a consensus target price of $18.40.
In related news, EVP Mark Horgan purchased 4,500 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average price of $14.94 per share, with a total value of $67,230.00. Following the completion of the acquisition, the executive vice president now directly owns 62,769 shares in the company, valued at approximately $937,768.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James M. Taylor, Jr. purchased 7,500 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average cost of $15.55 per share, with a total value of $116,625.00. Following the acquisition, the chief executive officer now owns 216,884 shares of the company’s stock, valued at $3,372,546.20. The disclosure for this purchase can be found here. In the last three months, insiders purchased 12,750 shares of company stock valued at $195,495. 0.27% of the stock is currently owned by company insiders.
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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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