Federated Investors Inc. PA decreased its stake in Brixmor Property Group Inc (NYSE:BRX) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,868 shares of the real estate investment trust’s stock after selling 816 shares during the period. Federated Investors Inc. PA’s holdings in Brixmor Property Group were worth $485,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of BRX. Teza Capital Management LLC bought a new position in Brixmor Property Group during the fourth quarter worth approximately $377,000. Dimensional Fund Advisors LP raised its position in Brixmor Property Group by 31.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,632,010 shares of the real estate investment trust’s stock worth $88,692,000 after buying an additional 869,679 shares in the last quarter. State Street Corp raised its position in Brixmor Property Group by 1.8% in the fourth quarter. State Street Corp now owns 9,282,791 shares of the real estate investment trust’s stock worth $226,680,000 after buying an additional 161,640 shares in the last quarter. Cipher Capital LP raised its position in Brixmor Property Group by 6.2% in the fourth quarter. Cipher Capital LP now owns 19,638 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 1,148 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in Brixmor Property Group by 9.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,650 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 1,800 shares in the last quarter.
Brixmor Property Group Inc (NYSE:BRX) opened at 21.65 on Friday. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 23.77 and a beta of 0.54. Brixmor Property Group Inc has a 52 week low of $20.66 and a 52 week high of $29.14. The firm has a 50-day moving average price of $22.77 and a 200 day moving average price of $24.75.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a return on equity of 9.51% and a net margin of 21.60%. The firm had revenue of $324 million for the quarter, compared to analysts’ expectations of $322.05 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Brixmor Property Group Inc will post $0.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Wednesday, April 5th will be issued a $0.26 dividend. The ex-dividend date is Monday, April 3rd. This represents a $1.04 annualized dividend and a dividend yield of 4.80%. Brixmor Property Group’s payout ratio is currently 114.29%.
A number of equities analysts recently commented on the company. Boenning Scattergood lowered Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Zacks Investment Research lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 16th. Stifel Nicolaus cut their price objective on Brixmor Property Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, February 14th. Barclays PLC cut their price objective on Brixmor Property Group from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, January 23rd. Finally, SunTrust Banks, Inc. raised Brixmor Property Group from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 19th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Brixmor Property Group presently has a consensus rating of “Hold” and a consensus price target of $27.65.
In other news, insider James M. Taylor, Jr. acquired 5,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, March 8th. The shares were purchased at an average cost of $21.17 per share, for a total transaction of $105,850.00. Following the transaction, the insider now owns 189,893 shares of the company’s stock, valued at $4,020,034.81. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven F. Siegel sold 6,000 shares of the stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $24.22, for a total value of $145,320.00. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
Brixmor Property Group Company 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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