Robeco Institutional Asset Management B.V. boosted its position in Brixmor Property Group Inc (NYSE:BRX) by 4,114.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 183,731 shares of the real estate investment trust’s stock after purchasing an additional 179,371 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Brixmor Property Group worth $2,802,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of BRX. Long Pond Capital LP acquired a new position in Brixmor Property Group during the 4th quarter valued at about $85,380,000. Paloma Partners Management Co increased its stake in Brixmor Property Group by 136.2% during the 4th quarter. Paloma Partners Management Co now owns 60,453 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 34,859 shares during the period. Flinton Capital Management LLC acquired a new position in Brixmor Property Group during the 4th quarter valued at about $764,000. Eii Capital Management Inc. acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $935,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Brixmor Property Group by 1,204.2% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 422,565 shares of the real estate investment trust’s stock worth $7,885,000 after purchasing an additional 390,164 shares during the last quarter. Hedge funds and other institutional investors own 99.04% of the company’s stock.
Shares of Brixmor Property Group traded up $0.09, hitting $17.35, during midday trading on Thursday, according to MarketBeat.com. The stock had a trading volume of 3,419,035 shares, compared to its average volume of 3,986,130. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 2.20 and a beta of 0.41. Brixmor Property Group Inc has a fifty-two week low of $13.74 and a fifty-two week high of $20.59.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.31). The company had revenue of $317.17 million for the quarter, compared to analyst estimates of $315.84 million. Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. analysts anticipate that Brixmor Property Group Inc will post 2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, July 6th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 6.34%. The ex-dividend date is Thursday, July 5th. Brixmor Property Group’s dividend payout ratio is currently 52.63%.
Several equities analysts have recently issued reports on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, February 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Brixmor Property Group in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 price objective (down previously from $21.00) on shares of Brixmor Property Group in a research note on Tuesday, February 20th. Finally, BMO Capital Markets set a $19.00 price objective on shares of Brixmor Property Group and gave the stock a “hold” rating in a research note on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Brixmor Property Group presently has an average rating of “Hold” and a consensus target price of $18.32.
In related news, Director John Schreiber purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was acquired at an average cost of $14.64 per share, for a total transaction of $146,400.00. Following the completion of the acquisition, the director now owns 25,000 shares in the company, valued at approximately $366,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James M. Taylor, Jr. purchased 11,500 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were bought at an average price of $14.65 per share, with a total value of $168,475.00. Following the completion of the acquisition, the chief executive officer now owns 228,384 shares of the company’s stock, valued at approximately $3,345,825.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 23,090 shares of company stock valued at $339,091. 0.33% of the stock is currently owned by corporate insiders.
Brixmor Property Group Company Profile
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.
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