Aperio Group LLC lessened its stake in shares of Brixmor Property Group Inc (NYSE:BRX) by 13.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,624 shares of the real estate investment trust’s stock after selling 17,149 shares during the period. Aperio Group LLC’s holdings in Brixmor Property Group were worth $1,867,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position in shares of Brixmor Property Group by 42.3% in the first quarter. Allianz Asset Management GmbH now owns 1,030,705 shares of the real estate investment trust’s stock valued at $15,718,000 after buying an additional 306,474 shares in the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Brixmor Property Group in the second quarter valued at approximately $304,000. Financial & Investment Management Group Ltd. raised its position in shares of Brixmor Property Group by 13.1% in the second quarter. Financial & Investment Management Group Ltd. now owns 505,828 shares of the real estate investment trust’s stock valued at $8,817,000 after buying an additional 58,732 shares in the last quarter. Nwam LLC raised its position in shares of Brixmor Property Group by 36.6% in the second quarter. Nwam LLC now owns 28,788 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 7,720 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its stake in Brixmor Property Group by 151.5% in the second quarter. Fox Run Management L.L.C. now owns 69,148 shares of the real estate investment trust’s stock valued at $1,205,000 after acquiring an additional 41,657 shares during the last quarter.
BRX has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $16.50 price objective on shares of Brixmor Property Group in a research note on Monday, July 30th. Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. Sandler O’Neill cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. ValuEngine raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Finally, SunTrust Banks reissued a “buy” rating and issued a $20.00 price objective on shares of Brixmor Property Group in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.50.
Shares of NYSE:BRX opened at $16.14 on Friday. The company has a market capitalization of $4.77 billion, a P/E ratio of 7.72, a PEG ratio of 2.08 and a beta of 0.47. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.78. Brixmor Property Group Inc has a 1 year low of $13.74 and a 1 year high of $18.83.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $306.48 million for 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 quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. As a group, equities analysts predict that Brixmor Property Group Inc will post 2 EPS for the current fiscal 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 paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Thursday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. Brixmor Property Group’s payout ratio is presently 52.63%.
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About Brixmor Property Group
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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