Goldman Sachs Group Inc. lessened its stake in Brixmor Property Group Inc (NYSE:BRX) by 48.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,516,453 shares of the real estate investment trust’s stock after selling 5,090,755 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.81% of Brixmor Property Group worth $102,937,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Brixmor Property Group during the 3rd quarter valued at about $100,000. CIBC Asset Management Inc acquired a new stake in Brixmor Property Group during the third quarter valued at approximately $191,000. IFM Investors Pty Ltd acquired a new stake in Brixmor Property Group during the third quarter valued at approximately $197,000. Meeder Asset Management Inc. lifted its stake in Brixmor Property Group by 53.2% during 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 purchasing an additional 4,225 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Brixmor Property Group by 244.2% during the third quarter. Toronto Dominion Bank now owns 12,877 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 9,136 shares during the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.
Several brokerages recently commented on BRX. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, February 14th. SunTrust Banks set a $19.00 price target on shares of Brixmor Property Group and gave the company a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets set a $19.00 price target on shares of Brixmor Property Group and gave the company a “hold” rating in a research report on Monday, February 12th. Sandler O’Neill set a $18.00 price target on shares of Brixmor Property Group and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $19.00 price target on shares of Brixmor Property Group in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.40.
Shares of Brixmor Property Group Inc (BRX) opened at $15.54 on Wednesday. Brixmor Property Group Inc has a 12-month low of $13.74 and a 12-month high of $22.19. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $4,783.85, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.38.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.27). Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The company had revenue of $320.06 million during the quarter, compared to analysts’ expectations of $312.97 million. During the same quarter in the previous year, the company earned $0.53 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. equities analysts expect that Brixmor Property Group Inc will post 2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date is Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio (DPR) is presently 112.24%.
Brixmor Property Group declared that its board has approved a share repurchase 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. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
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Brixmor Property Group 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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