Dynamic Technology Lab Private Ltd acquired a new stake in shares of Brixmor Property Group Inc (NYSE:BRX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,277 shares of the real estate investment trust’s stock, valued at approximately $287,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BRX. Evolution Wealth Advisors LLC acquired a new stake in Brixmor Property Group in the fourth quarter valued at approximately $35,000. CWM LLC acquired a new stake in Brixmor Property Group in the fourth quarter valued at approximately $49,000. Institutional & Family Asset Management LLC acquired a new stake in Brixmor Property Group in the third quarter valued at approximately $55,000. Advisory Services Network LLC boosted its stake in Brixmor Property Group by 619.0% in the fourth quarter. Advisory Services Network LLC now owns 4,889 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 4,209 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in Brixmor Property Group in the fourth quarter valued at approximately $137,000. Hedge funds and other institutional investors own 99.20% of the company’s stock.
NYSE BRX opened at $11.06 on Thursday. The company has a fifty day simple moving average of $17.27 and a two-hundred day simple moving average of $20.02. The stock has a market cap of $3.01 billion, a P/E ratio of 5.26, a P/E/G ratio of 1.96 and a beta of 0.89. Brixmor Property Group Inc has a 12-month low of $8.30 and a 12-month high of $22.74. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.77.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.27). The company had revenue of $293.10 million during the quarter, compared to analysts’ expectations of $294.14 million. Brixmor Property Group had a return on equity of 9.94% and a net margin of 23.52%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. As a group, sell-side analysts forecast that Brixmor Property Group Inc will post 1.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th will be issued a $0.285 dividend. The ex-dividend date is Friday, April 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 10.31%. Brixmor Property Group’s dividend payout ratio is currently 59.69%.
In other Brixmor Property Group news, CEO James M. Taylor, Jr. bought 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $12.40 per share, with a total value of $124,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 309,760 shares in the company, valued at approximately $3,841,024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven F. Siegel sold 7,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $20.52, for a total transaction of $153,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 22,500 shares of company stock valued at $289,625 and sold 16,868 shares valued at $347,571. Company insiders own 0.44% of the company’s stock.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, March 20th. BMO Capital Markets downgraded shares of Brixmor Property Group from a “market perform” rating to an “underperform” rating and set a $19.00 target price for the company. in a research note on Tuesday, January 7th. SunTrust Banks downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $23.00 to $21.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upgraded shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $22.00 to $24.00 in a research note on Wednesday, December 18th. Finally, ValuEngine raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Friday, March 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Brixmor Property Group presently has an average rating of “Hold” and an average price target of $19.93.
Brixmor Property Group Company 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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