Caisse DE Depot ET Placement DU Quebec increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,700 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Brixmor Property Group were worth $724,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Brixmor Property Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 47,200,813 shares of the real estate investment trust’s stock worth $1,012,929,000 after buying an additional 526,981 shares during the period. Lasalle Investment Management Securities LLC increased its position in Brixmor Property Group by 4.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 8,732,564 shares of the real estate investment trust’s stock worth $187,401,000 after buying an additional 361,710 shares during the period. Brookfield Asset Management Inc. increased its position in Brixmor Property Group by 6.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 5,614,019 shares of the real estate investment trust’s stock worth $137,094,000 after buying an additional 350,140 shares during the period. Dimensional Fund Advisors LP increased its position in Brixmor Property Group by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,005,354 shares of the real estate investment trust’s stock worth $85,953,000 after buying an additional 373,344 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Brixmor Property Group by 122.5% in the first quarter. Bank of New York Mellon Corp now owns 3,533,889 shares of the real estate investment trust’s stock worth $75,840,000 after buying an additional 1,945,697 shares during the period.
Shares of Brixmor Property Group Inc. (BRX) opened at 17.89 on Friday. The firm has a market cap of $5.45 billion, a P/E ratio of 19.03 and a beta of 0.50. The company’s 50-day moving average price is $18.71 and its 200 day moving average price is $21.91. Brixmor Property Group Inc. has a 52 week low of $17.49 and a 52 week high of $29.14.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, May 1st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $325.80 million for the quarter, compared to analyst estimates of $317.02 million. Brixmor Property Group had a net margin of 22.43% and a return on equity of 9.85%. Brixmor Property Group’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities analysts anticipate that Brixmor Property Group Inc. will post $0.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, July 6th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.04 annualized dividend and a yield of 5.81%. Brixmor Property Group’s payout ratio is 110.64%.
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BRX has been the topic of a number of analyst reports. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research note on Monday, June 19th. ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. cut their price target on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. Finally, Barclays PLC cut their price target on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.40.
In other news, insider James M. Taylor, Jr. bought 14,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average price of $18.60 per share, for a total transaction of $260,400.00. Following the completion of the acquisition, the insider now directly owns 203,893 shares in the company, valued at $3,792,409.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Schreiber bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of $18.85 per share, for a total transaction of $188,500.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $188,500. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 33,000 shares of company stock worth $616,856. 0.27% of the stock is owned by company insiders.
Brixmor Property Group Company Profile
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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