Millennium Management LLC raised its position in Brixmor Property Group Inc (NYSE:BRX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,833,012 shares of the real estate investment trust’s stock after purchasing an additional 41,579 shares during the quarter. Millennium Management LLC owned about 1.91% of Brixmor Property Group worth $108,844,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Brixmor Property Group by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,222,816 shares of the real estate investment trust’s stock valued at $325,682,000 after purchasing an additional 383,162 shares during the last quarter. Cbre Clarion Securities LLC lifted its holdings in shares of Brixmor Property Group by 11.8% in the 4th quarter. Cbre Clarion Securities LLC now owns 7,880,121 shares of the real estate investment trust’s stock worth $147,043,000 after acquiring an additional 831,018 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $85,380,000. Dimensional Fund Advisors LP lifted its holdings in shares of Brixmor Property Group by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,477,991 shares of the real estate investment trust’s stock worth $84,187,000 after acquiring an additional 240,874 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $80,749,000. Institutional investors own 99.72% of the company’s stock.
In other news, EVP Mark Horgan acquired 4,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of $14.94 per share, with a total value of $67,230.00. Following the transaction, the executive vice president now owns 62,769 shares in the company, valued at approximately $937,768.86. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James M. Taylor, Jr. acquired 7,500 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was purchased at an average cost of $15.55 per share, for a total transaction of $116,625.00. Following the completion of the transaction, the chief executive officer now owns 216,884 shares in the company, valued at approximately $3,372,546.20. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 12,750 shares of company stock worth $195,495. Insiders own 0.27% of the company’s stock.
BRX traded down $0.22 during trading hours on Friday, hitting $15.04. 2,111,318 shares of the company’s stock were exchanged, compared to its average volume of 3,077,420. Brixmor Property Group Inc has a 12-month low of $13.74 and a 12-month high of $22.02. The company has a market cap of $4,649.78, a P/E ratio of 7.20, a PEG ratio of 1.89 and a beta of 0.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.95.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The business had revenue of $320.06 million for the quarter, compared to analysts’ expectations of $312.97 million. During the same period in the previous year, the company earned $0.53 earnings per share. Brixmor Property Group’s quarterly revenue was down 1.2% on a year-over-year basis. research analysts forecast that Brixmor Property Group Inc will post 2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, April 5th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.31%. The ex-dividend date is Wednesday, April 4th. Brixmor Property Group’s payout ratio is currently 52.63%.
BRX has been the topic of several recent analyst reports. Mizuho lowered shares of Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Monday, December 11th. Boenning Scattergood lowered shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a report on Thursday, December 14th. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Citigroup upgraded shares of Brixmor Property Group to an “overweight” rating and upped their price objective for the stock from $19.00 to $21.00 in a report 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 report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.40.
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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.
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