Snow Park Capital Partners LP purchased a new stake in Brixmor Property Group Inc (NYSE:BRX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 161,700 shares of the real estate investment trust’s stock, valued at approximately $3,018,000. Brixmor Property Group accounts for 1.3% of Snow Park Capital Partners LP’s investment portfolio, making the stock its 16th biggest position. Snow Park Capital Partners LP owned 0.05% of Brixmor Property Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in BRX. The Manufacturers Life Insurance Company grew its holdings in Brixmor Property Group by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,283 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 712 shares during the period. Amalgamated Bank boosted its holdings in shares of Brixmor Property Group by 6.3% during the fourth quarter. Amalgamated Bank now owns 58,608 shares of the real estate investment trust’s stock worth $1,094,000 after acquiring an additional 3,474 shares during the period. Copeland Capital Management LLC boosted its holdings in shares of Brixmor Property Group by 1.8% during the fourth quarter. Copeland Capital Management LLC now owns 213,187 shares of the real estate investment trust’s stock worth $3,978,000 after acquiring an additional 3,861 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of 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 acquiring an additional 4,225 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Brixmor Property Group by 0.4% during the fourth quarter. Swiss National Bank now owns 1,125,050 shares of the real estate investment trust’s stock worth $20,993,000 after acquiring an additional 4,400 shares during the period. Institutional investors own 99.72% of the company’s stock.
NYSE:BRX traded down $0.22 on Friday, hitting $15.04. The stock had a trading volume of 2,111,318 shares, compared to its average volume of 3,077,420. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $4,649.78, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 1.89 and a beta of 0.39. Brixmor Property Group Inc has a 1 year low of $13.74 and a 1 year high of $22.02.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The firm had revenue of $320.06 million during the quarter, compared to analysts’ expectations of $312.97 million. During the same quarter last year, the business posted $0.53 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. sell-side analysts forecast that Brixmor Property Group Inc will post 2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, April 5th will be given a dividend of $0.275 per share. 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%.
In other news, EVP Mark Horgan purchased 4,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $14.94 per share, with a total value of $67,230.00. Following the acquisition, the executive vice president now directly owns 62,769 shares in the company, valued at $937,768.86. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James M. Taylor, Jr. purchased 7,500 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was purchased at an average cost of $15.55 per share, with a total value of $116,625.00. Following the completion of the acquisition, the chief executive officer now owns 216,884 shares in the company, valued at $3,372,546.20. The disclosure for this purchase can be found here. Insiders have bought a total of 12,750 shares of company stock valued at $195,495 over the last three months. Insiders own 0.27% of the company’s stock.
A number of research firms have recently weighed in on BRX. Citigroup upgraded shares of Brixmor Property Group to an “overweight” rating and lifted their price target for the company from $19.00 to $21.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Boenning Scattergood downgraded shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a report on Thursday, December 14th. 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. Finally, Mizuho cut 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 research note on Monday, December 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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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