Envestnet Asset Management Inc. lowered its position in shares of Brixmor Property Group Inc (NYSE:BRX) by 17.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,582 shares of the real estate investment trust’s stock after selling 4,509 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Brixmor Property Group were worth $403,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in BRX. New York State Common Retirement Fund boosted its stake in Brixmor Property Group by 1.8% during the third quarter. New York State Common Retirement Fund now owns 665,500 shares of the real estate investment trust’s stock valued at $12,511,000 after buying an additional 12,000 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Brixmor Property Group by 18.3% during the third quarter. Ameriprise Financial Inc. now owns 660,168 shares of the real estate investment trust’s stock valued at $12,411,000 after buying an additional 102,276 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Brixmor Property Group by 111.8% during the third quarter. Wells Fargo & Company MN now owns 476,402 shares of the real estate investment trust’s stock valued at $8,956,000 after buying an additional 251,435 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Brixmor Property Group by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,477,991 shares of the real estate investment trust’s stock valued at $84,187,000 after buying an additional 240,874 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Brixmor Property Group by 1,504.6% during the third quarter. Allianz Asset Management GmbH now owns 281,819 shares of the real estate investment trust’s stock valued at $5,299,000 after buying an additional 264,256 shares in the last quarter. 99.84% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the company. Citigroup raised Brixmor Property Group to an “overweight” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Mitsubishi UFJ Financial Group raised Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. SunTrust Banks set a $19.00 target price on Brixmor Property Group and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Barclays decreased their target price on Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.40.
Shares of NYSE BRX opened at $14.71 on Tuesday. Brixmor Property Group Inc has a 12 month low of $13.74 and a 12 month high of $22.02. The firm has a market cap of $4,436.49, a PE ratio of 7.04, a P/E/G ratio of 1.81 and a beta of 0.39. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.65 and a quick ratio of 0.65.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The company had revenue of $320.06 million for the quarter, compared to analysts’ expectations of $312.97 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. research analysts anticipate that Brixmor Property Group Inc will post 2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Thursday, April 5th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend was Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio is 52.63%.
In other Brixmor Property Group news, EVP Mark Horgan acquired 4,500 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, February 14th. The stock was purchased at an average cost of $14.94 per share, with a total value of $67,230.00. Following the purchase, the executive vice president now owns 62,769 shares in the company, valued at $937,768.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James M. Taylor, Jr. acquired 7,500 shares of Brixmor Property Group stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average cost of $15.55 per share, with a total value of $116,625.00. Following the completion of the purchase, the chief executive officer now owns 216,884 shares in the company, valued at approximately $3,372,546.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 12,750 shares of company stock valued at $195,495. 0.33% of the stock is currently owned by company insiders.
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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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