Rhumbline Advisers raised its stake in shares of Brixmor Property Group Inc (NYSE:BRX) by 144.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 772,347 shares of the real estate investment trust’s stock after acquiring an additional 456,087 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Brixmor Property Group worth $14,188,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of BRX. Zimmer Partners LP bought a new position in shares of Brixmor Property Group during the fourth quarter valued at $63,288,000. American Century Companies Inc. lifted its holdings in shares of Brixmor Property Group by 3,600.7% during the fourth quarter. American Century Companies Inc. now owns 4,026,684 shares of the real estate investment trust’s stock valued at $59,152,000 after acquiring an additional 3,917,876 shares during the period. Norges Bank bought a new position in shares of Brixmor Property Group during the fourth quarter valued at $44,190,000. Nuveen Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 116.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,065,652 shares of the real estate investment trust’s stock valued at $45,034,000 after acquiring an additional 1,646,091 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Brixmor Property Group by 1,951.7% during the fourth quarter. Citigroup Inc. now owns 1,523,616 shares of the real estate investment trust’s stock valued at $22,382,000 after acquiring an additional 1,449,355 shares during the period. 98.75% of the stock is owned by institutional investors.
Brixmor Property Group stock opened at $18.19 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.52 and a quick ratio of 0.52. Brixmor Property Group Inc has a 12-month low of $14.10 and a 12-month high of $18.71. The stock has a market capitalization of $5.41 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 2.28 and a beta of 0.75.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.26). Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. The business had revenue of $291.10 million during the quarter, compared to the consensus estimate of $290.85 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. As a group, sell-side analysts predict that Brixmor Property Group Inc will post 1.89 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be issued a $0.28 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.16%. Brixmor Property Group’s dividend payout ratio is 60.54%.
BRX has been the subject of a number of analyst reports. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $17.50 to $18.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Barclays reissued a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a report on Wednesday, March 6th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 price target on shares of Brixmor Property Group in a report on Monday, February 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.39.
Brixmor Property Group 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 425 retail centers comprise approximately 74 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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