Thrivent Financial for Lutherans Has $22.74 Million Stake in Brixmor Property Group Inc (BRX)

Thrivent Financial for Lutherans lifted its stake in shares of Brixmor Property Group Inc (NYSE:BRX) by 26.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,491,152 shares of the real estate investment trust’s stock after purchasing an additional 311,884 shares during the quarter. Thrivent Financial for Lutherans owned about 0.49% of Brixmor Property Group worth $22,740,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BRX. Nisa Investment Advisors LLC raised its stake in shares of Brixmor Property Group by 92.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 30,761 shares of the real estate investment trust’s stock worth $574,000 after purchasing an additional 14,811 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Brixmor Property Group by 426.5% during the fourth quarter. Bank of Montreal Can now owns 1,044,544 shares of the real estate investment trust’s stock worth $19,491,000 after purchasing an additional 846,132 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Brixmor Property Group by 6.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,988,092 shares of the real estate investment trust’s stock worth $55,758,000 after purchasing an additional 183,692 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Brixmor Property Group by 36.9% during the fourth quarter. State of Alaska Department of Revenue now owns 224,950 shares of the real estate investment trust’s stock worth $4,196,000 after purchasing an additional 60,690 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its stake in shares of Brixmor Property Group by 31.9% during the fourth quarter. Ingalls & Snyder LLC now owns 164,700 shares of the real estate investment trust’s stock worth $3,073,000 after purchasing an additional 39,857 shares during the last quarter.

Brixmor Property Group opened at $14.26 on Friday, Marketbeat.com reports. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.67 and a quick ratio of 0.67. Brixmor Property Group Inc has a 1 year low of $14.11 and a 1 year high of $14.40.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.31). The business had revenue of $317.17 million during the quarter, compared to analysts’ expectations of $315.84 million. Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. sell-side analysts anticipate that Brixmor Property Group Inc will post 2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, July 6th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Thursday, July 5th. Brixmor Property Group’s dividend payout ratio (DPR) is 52.63%.

Several equities research analysts have recently commented on BRX shares. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays cut their price objective on Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Sandler O’Neill set a $18.00 price objective on Brixmor Property Group and gave the stock a “buy” rating in a research report on Thursday, February 15th. Mizuho upgraded Brixmor Property Group from a “neutral” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus cut their price objective on Brixmor Property Group from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.32.

In other news, CEO James M. Taylor, Jr. bought 11,500 shares of the stock in a transaction on Friday, May 4th. The shares were bought at an average price of $14.65 per share, with a total value of $168,475.00. Following the completion of the acquisition, the chief executive officer now owns 228,384 shares of the company’s stock, valued at $3,345,825.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Schreiber bought 10,000 shares of the stock in a transaction on Wednesday, May 9th. The stock was purchased at an average cost of $14.64 per share, for a total transaction of $146,400.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $366,000. The disclosure for this purchase can be found here. Insiders acquired 29,750 shares of company stock worth $443,140 in the last three months. 0.27% of the stock is owned by corporate insiders.

About Brixmor Property Group

Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 83 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.

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

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