Pacer Advisors Inc. lowered its position in shares of Brixmor Property Group Inc (NYSE:BRX) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,549 shares of the real estate investment trust’s stock after selling 8,743 shares during the period. Pacer Advisors Inc.’s holdings in Brixmor Property Group were worth $2,365,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Phocas Financial Corp. bought a new stake in Brixmor Property Group during the second quarter worth about $5,287,000. NumerixS Investment Technologies Inc bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at about $82,000. Machina Capital S.A.S. bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at about $111,000. MAI Capital Management bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at about $180,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at about $301,000. 99.18% of the stock is owned by hedge funds and other institutional investors.
In other Brixmor Property Group news, Director James M. Taylor, Jr. purchased 7,500 shares of Brixmor Property Group stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $18.50 per share, for a total transaction of $138,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on BRX shares. Scotiabank lowered Brixmor Property Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $20.00 to $19.00 in a research note on Friday, August 16th. Compass Point started coverage on Brixmor Property Group in a research note on Thursday, August 15th. They issued a “neutral” rating and a $19.00 target price for the company. KeyCorp boosted their target price on Brixmor Property Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. ValuEngine lowered Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Sandler O’Neill raised Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.00.
NYSE BRX opened at $20.53 on Tuesday. Brixmor Property Group Inc has a 1-year low of $14.11 and a 1-year high of $20.68. The firm has a market cap of $6.09 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.31 and a beta of 0.74. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $19.59 and a 200-day moving average of $18.51.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.24). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The business had revenue of $291.00 million for the quarter, compared to analysts’ expectations of $286.99 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities research analysts forecast that Brixmor Property Group Inc will post 1.91 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 4th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 5.46%. Brixmor Property Group’s dividend payout ratio is presently 60.54%.
Brixmor Property Group Profile
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
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