AMP Capital Investors Ltd lifted its holdings in Brixmor Property Group Inc (NYSE:BRX) by 17.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 375,157 shares of the real estate investment trust’s stock after acquiring an additional 55,498 shares during the period. AMP Capital Investors Ltd owned approximately 0.12% of Brixmor Property Group worth $7,000,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in BRX. Fuller & Thaler Asset Management Inc. acquired a new stake in Brixmor Property Group during the third quarter worth about $100,000. CIBC Asset Management Inc acquired a new stake in Brixmor Property Group during the third quarter worth about $191,000. IFM Investors Pty Ltd acquired a new stake in Brixmor Property Group during the third quarter worth about $197,000. Meeder Asset Management Inc. raised its holdings in Brixmor Property Group by 53.2% in the 4th quarter. Meeder Asset Management Inc. now owns 12,172 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 4,225 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in Brixmor Property Group by 244.2% in the 3rd quarter. Toronto Dominion Bank now owns 12,877 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 9,136 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.
In related news, EVP Mark Horgan purchased 4,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of $14.94 per share, for a total transaction of $67,230.00. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, CEO James M. Taylor, Jr. purchased 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average price 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 of the company’s stock, valued at $3,372,546.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 12,750 shares of company stock worth $195,495. Company insiders own 0.27% of the company’s stock.
BRX traded down $0.22 during mid-day trading on Friday, reaching $15.04. 2,111,318 shares of the stock were exchanged, compared to its average volume of 3,077,420. The company has a market capitalization of $4,582.75, a price-to-earnings ratio of 7.20, a P/E/G ratio of 1.87 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. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.65 and a quick ratio of 0.65.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $312.97 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. equities analysts anticipate that Brixmor Property Group Inc will post 2 EPS for the current year.
The business also recently declared 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 annualized dividend 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 presently 52.63%.
A number of brokerages recently issued reports on BRX. SunTrust Banks set a $18.00 price objective on shares of Brixmor Property Group and gave the company a “buy” rating in a report on Friday, March 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $19.00 price objective on shares of Brixmor Property Group in a research report on Friday, February 23rd. Mizuho raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating in a research report on Thursday, February 22nd. Citigroup reduced their price target on shares of Brixmor Property Group from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Finally, JPMorgan Chase reissued an “overweight” rating and issued a $20.00 price target (down previously from $21.00) on shares of Brixmor Property Group in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.40.
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About Brixmor Property Group
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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