Old Mutual Global Investors UK Ltd. Has $269,000 Holdings in Brixmor Property Group Inc. (BRX)

Old Mutual Global Investors UK Ltd. cut its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 81.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,086 shares of the real estate investment trust’s stock after selling 67,272 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in Brixmor Property Group were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BRX. Canada Pension Plan Investment Board lifted its stake in Brixmor Property Group by 136.7% in the first quarter. Canada Pension Plan Investment Board now owns 49,700 shares of the real estate investment trust’s stock valued at $1,067,000 after acquiring an additional 28,700 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Brixmor Property Group by 22.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 13,054 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 2,415 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Brixmor Property Group by 16.8% in the first quarter. Advisors Asset Management Inc. now owns 13,120 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 1,886 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Brixmor Property Group by 152.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 20,348 shares of the real estate investment trust’s stock valued at $447,000 after acquiring an additional 12,282 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted 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 valued at $75,840,000 after acquiring an additional 1,945,697 shares during the last quarter.

Shares of Brixmor Property Group Inc. (NYSE:BRX) opened at 19.28 on Tuesday. The stock has a 50 day moving average of $19.25 and a 200-day moving average of $19.71. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14. The firm has a market capitalization of $5.88 billion, a PE ratio of 19.75 and a beta of 0.54.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The business had revenue of $322.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts anticipate that Brixmor Property Group Inc. will post $0.86 earnings per share for the current fiscal 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.39%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is 106.12%.

A number of analysts have issued reports on BRX shares. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. ValuEngine cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reduced 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 research note on Friday, June 16th. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 target price on shares of Brixmor Property Group in a research note on Monday, June 19th. Finally, BidaskClub upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.06.

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In other Brixmor Property Group news, insider James M. Taylor, Jr. purchased 15,600 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $19.24 per share, with a total value of $300,144.00. Following the acquisition, the insider now directly owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Schreiber purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average cost of $18.72 per share, with a total value of $187,200.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $374,400. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Brixmor Property Group Company Profile

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.

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

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