5,263,879 Shares in Brixmor Property Group Inc. (BRX) Acquired by Brookfield Asset Management Inc.

Brookfield Asset Management Inc. bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 5,263,879 shares of the real estate investment trust’s stock, valued at approximately $146,283,000. Brixmor Property Group accounts for approximately 0.9% of Brookfield Asset Management Inc.’s portfolio, making the stock its 19th largest position.

Several other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Brixmor Property Group by 4.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 677,928 shares of the real estate investment trust’s stock valued at $17,938,000 after buying an additional 28,546 shares in the last quarter. TradeLink Capital LLC purchased a new position in shares of Brixmor Property Group during the second quarter valued at approximately $223,000. Foster & Motley Inc. boosted its position in shares of Brixmor Property Group by 2.5% in the second quarter. Foster & Motley Inc. now owns 118,276 shares of the real estate investment trust’s stock valued at $3,130,000 after buying an additional 2,904 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Brixmor Property Group during the second quarter valued at approximately $206,000. Finally, Advantus Capital Management Inc boosted its position in shares of Brixmor Property Group by 27.7% in the second quarter. Advantus Capital Management Inc now owns 466,900 shares of the real estate investment trust’s stock valued at $12,354,000 after buying an additional 101,400 shares in the last quarter.

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

Shares of Brixmor Property Group Inc. (NYSE:BRX) traded down 0.020% during trading on Monday, hitting $24.395. 387,581 shares of the stock traded hands. Brixmor Property Group Inc. has a 52-week low of $22.33 and a 52-week high of $29.14. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 30.802 and a beta of 0.54. The stock has a 50 day moving average of $24.37 and a 200 day moving average of $25.91.

“5,263,879 Shares in Brixmor Property Group Inc. (BRX) Acquired by Brookfield Asset Management Inc.” was first published by sleekmoney and is the property of of sleekmoney. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The correct version of this article can be viewed at http://sleekmoney.com/5263879-shares-in-brixmor-property-group-inc-brx-acquired-by-brookfield-asset-management-inc/1658216.html.

Several brokerages have issued reports on BRX. Zacks Investment Research upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, October 25th. TheStreet upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Wells Fargo & Company upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating in a report on Monday, November 28th. Citigroup Inc. lowered shares of Brixmor Property Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 13th. Finally, J P Morgan Chase & Co upgraded shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating and set a $27.50 price target for the company in a report on Friday, December 16th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.79.

In related news, insider Steven F. Siegel sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, December 30th. The stock was sold at an average price of $24.31, for a total transaction of $145,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Taylor, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were purchased at an average price of $23.82 per share, with a total value of $238,200.00. Following the completion of the transaction, the insider now directly owns 213,590 shares of the company’s stock, valued at approximately $5,087,713.80. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by insiders.

Brixmor Property Group Company Profile

Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

5 Day Chart for NYSE:BRX

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/5263879-shares-in-brixmor-property-group-inc-brx-acquired-by-brookfield-asset-management-inc/1658216.html

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *