Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 76.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,823 shares of the real estate investment trust’s stock after selling 211,936 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brixmor Property Group were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in Brixmor Property Group by 8.4% during the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 554 shares during the period. Utah Retirement Systems grew its holdings in Brixmor Property Group by 52.9% during the second quarter. Utah Retirement Systems now owns 70,345 shares of the real estate investment trust’s stock valued at $1,257,000 after purchasing an additional 24,345 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Brixmor Property Group by 25.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,980 shares of the real estate investment trust’s stock valued at $1,788,000 after purchasing an additional 20,081 shares during the period. USS Investment Management Ltd acquired a new position in Brixmor Property Group during the second quarter valued at approximately $5,128,000. Finally, Andra AP fonden grew its holdings in Brixmor Property Group by 3.6% during the second quarter. Andra AP fonden now owns 252,200 shares of the real estate investment trust’s stock valued at $4,509,000 after purchasing an additional 8,800 shares during the period.

Brixmor Property Group Inc. (BRX) opened at 19.13 on Monday. The stock has a 50 day moving average of $19.24 and a 200 day moving average of $19.79. Brixmor Property Group Inc. has a 12-month low of $17.35 and a 12-month high of $29.14. The firm has a market cap of $5.83 billion, a PE ratio of 19.60 and a beta of 0.54.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $322.80 million during the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. Brixmor Property Group’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post $0.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.44%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s payout ratio is currently 106.12%.

A number of research analysts recently issued reports on the stock. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Citigroup Inc. boosted their price objective on shares of Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Mizuho upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.56.

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

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Brixmor Property Group 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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