Eagle Asset Management Inc. Has $27,448,000 Position in Brixmor Property Group Inc. (BRX)
Eagle Asset Management Inc. lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 987,710 shares of the real estate investment trust’s stock after selling 6,401 shares during the period. Eagle Asset Management Inc. owned approximately 0.33% of Brixmor Property Group worth $27,448,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in BRX. Gilman Hill Asset Management LLC raised its stake in Brixmor Property Group by 0.3% in the second quarter. Gilman Hill Asset Management LLC now owns 17,080 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 55 shares during the last quarter. American International Group Inc. raised its stake in Brixmor Property Group by 4.7% in the second quarter. American International Group Inc. now owns 6,403 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 287 shares during the last quarter. Stifel Financial Corp raised its stake in Brixmor Property Group by 2.1% in the second quarter. Stifel Financial Corp now owns 18,947 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 387 shares during the last quarter. Ngam Advisors L.P. raised its stake in Brixmor Property Group by 2.5% in the second quarter. Ngam Advisors L.P. now owns 16,214 shares of the real estate investment trust’s stock valued at $429,000 after buying an additional 398 shares during the last quarter. Finally, Comerica Bank raised its stake in Brixmor Property Group by 4.3% in the second quarter. Comerica Bank now owns 9,967 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 408 shares during the last quarter.
Shares of Brixmor Property Group Inc. (NYSE:BRX) traded up 0.86% during midday trading on Friday, hitting $24.59. 446,432 shares of the stock were exchanged. Brixmor Property Group Inc. has a one year low of $19.91 and a one year high of $29.14. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 31.05 and a beta of 0.61. The firm has a 50 day moving average of $25.17 and a 200-day moving average of $26.56.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 24th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The firm earned $318.58 million during the quarter, compared to analysts’ expectations of $312.70 million. Brixmor Property Group had a return on equity of 8.19% and a net margin of 18.62%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. Equities analysts expect that Brixmor Property Group Inc. will post $2.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Thursday, January 5th will be paid a dividend of $0.26 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 3rd. This represents a $1.04 annualized dividend and a yield of 4.23%. Brixmor Property Group’s payout ratio is presently 125.64%.
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Several equities analysts have recently issued reports on BRX shares. TheStreet upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Mitsubishi UFJ Financial Group started coverage on shares of Brixmor Property Group in a report on Wednesday, September 7th. They set an “outperform” rating and a $29.00 price objective on the stock. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Evercore ISI upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, August 22nd. Finally, Citigroup Inc. upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $28.00 to $31.00 in a report on Friday, August 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.36.
In related news, insider Steven F. Siegel sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $25.26, for a total transaction of $151,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Schreiber bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were acquired at an average price of $23.70 per share, with a total value of $237,000.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $118,500. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Brixmor Property Group Company Profile
Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.
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