Fifth Third Bancorp Maintains Position in Brixmor Property Group Inc. (BRX)

Fifth Third Bancorp continued to hold its stake in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, Holdings Channel reports. The firm owned 93,873 shares of the real estate investment trust’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Brixmor Property Group were worth $2,609,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its stake in Brixmor Property Group by 56,045.7% in the third quarter. Commonwealth Bank of Australia now owns 1,235,206 shares of the real estate investment trust’s stock worth $34,326,000 after buying an additional 1,233,006 shares during the period. TIAA CREF Investment Management LLC increased its stake in Brixmor Property Group by 15.6% in the third quarter. TIAA CREF Investment Management LLC now owns 578,312 shares of the real estate investment trust’s stock worth $16,071,000 after buying an additional 78,029 shares during the period. UBS Asset Management Americas Inc. increased its stake in Brixmor Property Group by 90.1% in the third quarter. UBS Asset Management Americas Inc. now owns 1,157,785 shares of the real estate investment trust’s stock worth $32,174,000 after buying an additional 548,777 shares during the period. Standard Life Investments LTD bought a new stake in Brixmor Property Group during the third quarter worth about $5,589,000. Finally, BlackRock Advisors LLC increased its stake in shares of Brixmor Property Group by 8.3% in the third quarter. BlackRock Advisors LLC now owns 951,769 shares of the real estate investment trust’s stock valued at $26,449,000 after buying an additional 72,589 shares during the last quarter.

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

Brixmor Property Group Inc. (NYSE:BRX) traded up 0.29% on Friday, reaching $24.40. 1,694,450 shares of the company’s stock traded hands. The stock has a 50-day moving average of $24.37 and a 200 day moving average of $25.91. Brixmor Property Group Inc. has a 52 week low of $22.53 and a 52 week high of $29.14. The firm has a market capitalization of $7.43 billion, a P/E ratio of 30.81 and a beta of 0.54.

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Several brokerages recently weighed in on BRX. J P Morgan Chase & Co raised shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating and set a $27.50 target price on the stock in a research note on Friday, December 16th. Zacks Investment Research raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, February 6th. Barclays PLC cut their target price on shares of Brixmor Property Group from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, January 23rd. SunTrust Banks, Inc. raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 19th. They noted that the move was a valuation call. Finally, Citigroup Inc. downgraded shares of Brixmor Property Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Brixmor Property Group currently has an average rating of “Buy” and a consensus price target of $27.79.

In related news, insider Steven F. Siegel sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, December 30th. The shares were sold at an average price of $24.31, for a total value of $145,860.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James M. Taylor, Jr. bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was bought at an average cost of $23.82 per share, for a total transaction 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 owned by company insiders.

About Brixmor Property Group

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).

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