Brixmor Property Group Inc. (BRX) Position Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 18.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 660,168 shares of the real estate investment trust’s stock after purchasing an additional 102,276 shares during the quarter. Ameriprise Financial Inc. owned 0.22% of Brixmor Property Group worth $12,411,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. grew its position in Brixmor Property Group by 35.0% in the 2nd quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after acquiring an additional 7,543,528 shares in the last quarter. State Street Corp grew its position in Brixmor Property Group by 12.0% in the 2nd quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after acquiring an additional 1,159,181 shares in the last quarter. Brookfield Asset Management Inc. grew its position in Brixmor Property Group by 15.9% in the 2nd quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after acquiring an additional 908,572 shares in the last quarter. Macquarie Group Ltd. grew its position in Brixmor Property Group by 118.5% in the 2nd quarter. Macquarie Group Ltd. now owns 1,630,279 shares of the real estate investment trust’s stock valued at $29,150,000 after acquiring an additional 884,018 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Brixmor Property Group by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,839,654 shares of the real estate investment trust’s stock valued at $301,094,000 after acquiring an additional 631,948 shares in the last quarter. 98.57% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Inc. (BRX) opened at $18.16 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $5,534.61, a PE ratio of 8.60, a PEG ratio of 1.96 and a beta of 0.52. Brixmor Property Group Inc. has a 52 week low of $17.23 and a 52 week high of $25.34.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. sell-side analysts expect that Brixmor Property Group Inc. will post 2.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Wednesday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio (DPR) is presently 98.11%.

Brixmor Property Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 5th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Several research firms have weighed in on BRX. Boenning Scattergood raised Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a research report on Tuesday, September 12th. BMO Capital Markets began coverage on Brixmor Property Group in a research report on Monday, September 11th. They issued a “market perform” rating and a $20.00 target price for the company. ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. Finally, Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and an average price target of $21.25.

In related news, EVP Mark Horgan acquired 3,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was acquired at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the purchase, the executive vice president now owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

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

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