First Manhattan Co. Has $28.68 Million Holdings in Brixmor Property Group Inc (BRX)

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First Manhattan Co. lessened its holdings in Brixmor Property Group Inc (NYSE:BRX) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,952,155 shares of the real estate investment trust’s stock after selling 194,830 shares during the quarter. First Manhattan Co.’s holdings in Brixmor Property Group were worth $28,677,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Hawaiian Bank increased its holdings in Brixmor Property Group by 231.7% in the 4th quarter. First Hawaiian Bank now owns 6,900 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 4,820 shares during the period. Spirit of America Management Corp NY increased its holdings in Brixmor Property Group by 143.5% in the 3rd quarter. Spirit of America Management Corp NY now owns 7,975 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 4,700 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Brixmor Property Group in the 3rd quarter valued at $284,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at $285,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at $289,000.

Several equities research analysts have recently commented on BRX shares. Scotiabank started coverage on shares of Brixmor Property Group in a research note on Tuesday, October 16th. They issued an “outperform” rating on the stock. Barclays restated a “hold” rating and issued a $16.00 target price on shares of Brixmor Property Group in a research note on Sunday, October 14th. JPMorgan Chase & Co. downgraded shares of Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Wells Fargo & Co reduced their target price on shares of Brixmor Property Group from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Finally, KeyCorp upgraded shares of Brixmor Property Group from a “sector weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research note on Monday, October 29th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brixmor Property Group currently has an average rating of “Hold” and a consensus target price of $18.42.

NYSE BRX traded down $0.10 on Thursday, hitting $16.94. 643,765 shares of the company were exchanged, compared to its average volume of 2,384,235. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.44 and a beta of 0.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.78. Brixmor Property Group Inc has a 1-year low of $13.74 and a 1-year high of $18.71.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The business had revenue of $306.48 million for the quarter, compared to the consensus estimate of $301.87 million. Brixmor Property Group had a net margin of 28.54% and a return on equity of 12.47%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, equities analysts expect that Brixmor Property Group Inc will post 1.95 earnings per share for the current year.

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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 445 retail centers comprise approximately 77 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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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