Axa lifted its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 444,854 shares of the real estate investment trust’s stock after acquiring an additional 113,370 shares during the quarter. Axa owned 0.15% of Brixmor Property Group worth $8,301,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in BRX. Fuller & Thaler Asset Management Inc. bought a new stake in Brixmor Property Group in the third quarter valued at about $100,000. CIBC Asset Management Inc bought a new stake in Brixmor Property Group in the third quarter valued at about $191,000. IFM Investors Pty Ltd bought a new stake in Brixmor Property Group in the third quarter valued at about $197,000. Meeder Asset Management Inc. increased its holdings in Brixmor Property Group by 53.2% in the fourth 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 increased its holdings in Brixmor Property Group by 244.2% in the third 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. 99.72% of the stock is currently owned by institutional investors and hedge funds.
Brixmor Property Group Inc (NYSE:BRX) opened at $15.54 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.95. Brixmor Property Group Inc has a 52 week low of $13.74 and a 52 week high of $22.19. The company has a market capitalization of $4,780.00, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.38.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $1.10 dividend on an annualized basis and a yield of 7.08%. Brixmor Property Group’s payout ratio is currently 112.24%.
Brixmor Property Group declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 5th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Several analysts recently weighed in on BRX shares. Boenning Scattergood reissued a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a report on Tuesday, November 21st. Stifel Nicolaus started coverage on Brixmor Property Group in a report on Thursday, November 30th. They issued a “hold” rating and a $19.00 price objective for the company. ValuEngine lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lowered their price objective on Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. Finally, Sandler O’Neill set a $18.00 price objective on Brixmor Property Group and gave the company a “buy” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.40.
In other Brixmor Property Group news, CEO James M. Taylor, Jr. acquired 7,500 shares of Brixmor Property Group stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average cost 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 in the company, valued at approximately $3,372,546.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Horgan acquired 4,500 shares of Brixmor Property Group stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average price of $14.94 per share, with a total value of $67,230.00. Following the completion of the transaction, the executive vice president now owns 62,769 shares of the company’s stock, valued at approximately $937,768.86. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 12,750 shares of company stock valued at $195,495. 0.27% of the stock is currently owned by insiders.
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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