A.R.T. Advisors LLC raised its holdings in Brixmor Property Group Inc (NYSE:BRX) by 310.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,500 shares of the real estate investment trust’s stock after buying an additional 114,600 shares during the quarter. A.R.T. Advisors LLC owned 0.05% of Brixmor Property Group worth $2,310,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Long Pond Capital LP acquired a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $85,380,000. Paloma Partners Management Co raised its position in shares of Brixmor Property Group by 136.2% during the fourth quarter. Paloma Partners Management Co now owns 60,453 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 34,859 shares during the period. Flinton Capital Management LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $764,000. Eii Capital Management Inc. acquired a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $935,000. Finally, Swiss National Bank raised its position 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 purchasing an additional 4,400 shares during the period. 99.04% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director John Schreiber purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were purchased at an average price of $14.64 per share, with a total value of $146,400.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $366,000. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James M. Taylor, Jr. purchased 11,500 shares of the company’s stock in a transaction dated Friday, May 4th. The shares were purchased at an average cost of $14.65 per share, for a total transaction of $168,475.00. Following the transaction, the chief executive officer now directly owns 228,384 shares in the company, valued at $3,345,825.60. The disclosure for this purchase can be found here. Insiders have bought a total of 23,090 shares of company stock worth $339,091 in the last ninety days. Insiders own 0.27% of the company’s stock.
Shares of Brixmor Property Group opened at $17.25 on Monday, Marketbeat.com reports. Brixmor Property Group Inc has a 12-month low of $13.74 and a 12-month high of $20.59. The firm has a market cap of $5.22 billion, a P/E ratio of 8.25, a P/E/G ratio of 2.20 and a beta of 0.41. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.96.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.31). Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The company had revenue of $317.17 million for the quarter, compared to the consensus estimate of $315.84 million. During the same quarter last year, the company posted $0.53 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. equities analysts anticipate that Brixmor Property Group Inc will post 2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, July 6th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.38%. Brixmor Property Group’s dividend payout ratio is presently 52.63%.
A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $19.00 target price on Brixmor Property Group and gave the stock a “hold” rating in a research report on Monday, April 30th. ValuEngine lowered Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 target price (down from $21.00) on shares of Brixmor Property Group in a research report on Tuesday, February 20th. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Goldman Sachs Group started coverage on Brixmor Property Group in a research report on Friday, May 18th. They set a “buy” rating and a $17.50 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Brixmor Property Group has a consensus rating of “Hold” and an average price target of $18.32.
About Brixmor Property Group
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.
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