DekaBank Deutsche Girozentrale purchased a new position in shares of Brixmor Property Group Inc (NYSE:BRX) in the third quarter, according to its most recent filing with the SEC. The firm purchased 168,200 shares of the real estate investment trust’s stock, valued at approximately $3,065,000. DekaBank Deutsche Girozentrale owned 0.06% of Brixmor Property Group at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brixmor Property Group by 83.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,202 shares of the real estate investment trust’s stock valued at $2,455,000 after acquiring an additional 63,802 shares in the last quarter. FMR LLC lifted its position in Brixmor Property Group by 1.0% in the 3rd quarter. FMR LLC now owns 7,393,554 shares of the real estate investment trust’s stock valued at $129,461,000 after acquiring an additional 74,198 shares in the last quarter. BlackRock Inc. lifted its position in shares of Brixmor Property Group by 0.7% during the 3rd quarter. BlackRock Inc. now owns 21,877,296 shares of the real estate investment trust’s stock worth $383,072,000 after buying an additional 161,003 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Brixmor Property Group by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,409,042 shares of the real estate investment trust’s stock worth $42,183,000 after buying an additional 83,133 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $713,000.
Several equities analysts have commented on the stock. Scotiabank assumed coverage on shares of Brixmor Property Group in a research report on Tuesday, October 16th. They set an “outperform” rating on the stock. ValuEngine cut shares of Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Citigroup lifted their target price on shares of Brixmor Property Group from $16.50 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Finally, SunTrust Banks reissued a “buy” rating and set a $20.00 target price on shares of Brixmor Property Group in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.69.
NYSE:BRX opened at $16.50 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $4.95 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.37 and a beta of 0.49. Brixmor Property Group Inc has a 12 month low of $13.74 and a 12 month high of $18.83.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The company 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%. Brixmor Property Group’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, sell-side analysts expect that Brixmor Property Group Inc will post 2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, January 4th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.79%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, January 3rd. Brixmor Property Group’s payout ratio is currently 52.63%.
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Brixmor Property Group Company 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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