Sumitomo Mitsui Asset Management Company LTD lowered its position in Brixmor Property Group Inc. (NYSE:BRX) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,553 shares of the real estate investment trust’s stock after selling 3,903 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Brixmor Property Group were worth $582,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Brixmor Property Group by 2,015.3% in the first quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock worth $461,888,000 after buying an additional 20,505,706 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Brixmor Property Group by 122.5% in the first quarter. Bank of New York Mellon Corp now owns 3,533,889 shares of the real estate investment trust’s stock worth $75,840,000 after buying an additional 1,945,697 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Brixmor Property Group by 50.6% in the first quarter. Nuveen Asset Management LLC now owns 4,610,796 shares of the real estate investment trust’s stock worth $98,948,000 after buying an additional 1,549,548 shares during the last quarter. Morgan Stanley raised its stake in Brixmor Property Group by 42.9% in the first quarter. Morgan Stanley now owns 3,625,868 shares of the real estate investment trust’s stock worth $77,811,000 after buying an additional 1,089,278 shares during the last quarter. Finally, First Quadrant L P CA raised its stake in Brixmor Property Group by 142.0% in the second quarter. First Quadrant L P CA now owns 1,367,926 shares of the real estate investment trust’s stock worth $24,459,000 after buying an additional 802,739 shares during the last quarter.
Shares of Brixmor Property Group Inc. (NYSE BRX) opened at 19.76 on Thursday. The company has a 50 day moving average of $18.71 and a 200-day moving average of $20.52. Brixmor Property Group Inc. has a one year low of $17.35 and a one year high of $29.14. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 20.25 and a beta of 0.53.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $322.80 million during the quarter, compared to analysts’ expectations of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. On average, analysts anticipate that Brixmor Property Group Inc. will post $0.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.26%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is 106.12%.
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A number of equities research analysts have recently issued reports on BRX shares. Zacks Investment Research lowered shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Barclays PLC dropped their target price on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 target price on shares of Brixmor Property Group in a report on Monday, June 19th. Citigroup Inc. dropped their target price on shares of Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, May 9th. Finally, BidaskClub raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Brixmor Property Group currently has an average rating of “Hold” and an average target price of $26.25.
About Brixmor Property Group
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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