Credit Suisse AG trimmed its position in Brixmor Property Group Inc (NYSE:BRX) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 710,568 shares of the real estate investment trust’s stock after selling 13,678 shares during the quarter. Credit Suisse AG owned about 0.24% of Brixmor Property Group worth $12,442,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in shares of Brixmor Property Group in the second quarter worth about $124,000. Spirit of America Management Corp NY increased its stake in Brixmor Property Group by 143.5% during the third quarter. Spirit of America Management Corp NY now owns 7,975 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,700 shares during the last quarter. Private Advisor Group LLC bought a new stake in Brixmor Property Group during the second quarter worth approximately $201,000. Signition LP bought a new stake in Brixmor Property Group during the second quarter worth approximately $222,000. Finally, Point72 Hong Kong Ltd bought a new stake in Brixmor Property Group during the second quarter worth approximately $258,000.
BRX has been the topic of several analyst reports. Barclays reissued a “hold” rating and set a $16.00 price objective on shares of Brixmor Property Group in a research note on Sunday, October 14th. Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Mizuho cut Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Tuesday, August 21st. ValuEngine raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Finally, KeyCorp raised Brixmor Property Group from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research note on Monday, October 29th. 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 company’s stock. Brixmor Property Group currently has a consensus rating of “Hold” and an average price target of $18.42.
BRX opened at $16.69 on Friday. The company has a market cap of $5.03 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.40 and a beta of 0.49. Brixmor Property Group Inc has a one year low of $13.74 and a one year high of $18.83. 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 (NYSE:BRX) last released its earnings results on Monday, October 29th. The real estate investment trust reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $306.48 million for the quarter, compared to analysts’ expectations of $301.87 million. Brixmor Property Group had a return on equity of 12.47% and a net margin of 28.54%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. As a group, equities research analysts predict that Brixmor Property Group Inc will post 2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, January 4th will be paid a dividend of $0.28 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.71%. Brixmor Property Group’s dividend payout ratio is currently 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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