GSA Capital Partners LLP Has $1.66 Million Position in Brixmor Property Group Inc (BRX)

GSA Capital Partners LLP increased its position in shares of Brixmor Property Group Inc (NYSE:BRX) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,573 shares of the real estate investment trust’s stock after purchasing an additional 16,668 shares during the period. GSA Capital Partners LLP’s holdings in Brixmor Property Group were worth $1,656,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BRX. Ingalls & Snyder LLC boosted its stake in Brixmor Property Group by 1.9% in the third quarter. Ingalls & Snyder LLC now owns 229,915 shares of the real estate investment trust’s stock valued at $4,026,000 after acquiring an additional 4,283 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Brixmor Property Group by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 318,003 shares of the real estate investment trust’s stock valued at $5,568,000 after acquiring an additional 4,377 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Brixmor Property Group by 2.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 209,900 shares of the real estate investment trust’s stock valued at $3,676,000 after acquiring an additional 4,400 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in Brixmor Property Group by 143.5% in the third quarter. Spirit of America Management Corp NY now owns 7,975 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Investec Asset Management PTY Ltd boosted its stake in Brixmor Property Group by 15.6% in the second quarter. Investec Asset Management PTY Ltd now owns 45,344 shares of the real estate investment trust’s stock valued at $790,000 after acquiring an additional 6,113 shares in the last quarter.

Shares of NYSE:BRX opened at $16.15 on Thursday. Brixmor Property Group Inc has a one year low of $13.74 and a one year high of $18.83. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $4.84 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.34 and a beta of 0.49.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $306.48 million during the quarter, compared to analysts’ expectations of $301.87 million. Brixmor Property Group had a net margin of 28.54% and a return on equity of 12.47%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, sell-side analysts predict that Brixmor Property Group Inc will post 2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, January 4th will be given a dividend of $0.28 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a yield of 6.93%. The ex-dividend date is Thursday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 52.63%.

BRX has been the subject of several research analyst reports. SunTrust Banks restated a “buy” rating and issued a $20.00 price objective on shares of Brixmor Property Group in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Barclays restated a “hold” rating and issued a $16.00 price objective on shares of Brixmor Property Group in a research note on Sunday, October 14th. ValuEngine upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Mizuho downgraded shares of Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.69.

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Brixmor Property Group Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 471 retail centers comprise approximately 80 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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