Cigna Investments Inc. New raised its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 66,416 shares of the real estate investment trust’s stock after buying an additional 422 shares during the period. Cigna Investments Inc. New’s holdings in Brixmor Property Group were worth $1,188,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BRX. Mckinley Capital Management LLC Delaware acquired a new position in Brixmor Property Group during the first quarter valued at approximately $131,000. Pacer Advisors Inc. increased its position in Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 209 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 341 shares during the period. LS Investment Advisors LLC increased its position in Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 1,420 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its position in Brixmor Property Group by 58.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,538 shares during the period.
Brixmor Property Group Inc. (NYSE:BRX) opened at 19.76 on Thursday. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $20.52. The company has a market cap of $6.03 billion, a PE ratio of 20.25 and a beta of 0.53. Brixmor Property Group Inc. has a 12-month low of $17.35 and a 12-month high of $29.14.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The business had revenue of $322.80 million during the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post $0.87 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s payout ratio is 106.12%.
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Several equities analysts recently commented on BRX shares. Barclays PLC decreased their price target on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, June 16th. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Brixmor Property Group presently has an average rating of “Hold” and an average price target 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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