Rockefeller Financial Services Inc. bought a new stake in shares of Brixmor Property Group Inc (NYSE:BRX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 153,746 shares of the real estate investment trust’s stock, valued at approximately $2,869,000. Rockefeller Financial Services Inc. owned about 0.05% of Brixmor Property Group as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in Brixmor Property Group during the third quarter valued at $100,000. Meeder Asset Management Inc. increased its position in Brixmor Property Group by 621.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,203 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Brixmor Property Group in the 3rd quarter worth about $191,000. Finally, IFM Investors Pty Ltd acquired a new position in Brixmor Property Group in the 3rd quarter worth about $197,000. 98.98% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets set a $20.00 target price on Brixmor Property Group and gave the company a “hold” rating in a research note on Tuesday, October 31st. Boenning Scattergood set a $22.00 target price on Brixmor Property Group and gave the company a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating and set a $22.00 target price on shares of Brixmor Property Group in a research note on Thursday, November 2nd. Finally, Mizuho reiterated a “buy” rating and issued a $19.50 price objective on shares of Brixmor Property Group in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $19.75.
Shares of Brixmor Property Group Inc (BRX) traded down $0.08 during trading hours on Monday, hitting $14.15. The stock had a trading volume of 4,358,671 shares, compared to its average volume of 3,962,704. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $4,339.26, a PE ratio of 13.42, a PEG ratio of 1.77 and a beta of 0.35. Brixmor Property Group Inc has a 12 month low of $13.74 and a 12 month high of $24.64.
Brixmor Property Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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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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