Principal Financial Group Inc. cut its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 6.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 988,743 shares of the real estate investment trust’s stock after selling 72,585 shares during the quarter. Principal Financial Group Inc. owned approximately 0.32% of Brixmor Property Group worth $17,678,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Brixmor Property Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 47,200,813 shares of the real estate investment trust’s stock worth $1,012,929,000 after buying an additional 526,981 shares in the last quarter. BlackRock Inc. grew its position in shares of Brixmor Property Group by 2,015.3% during the first quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock worth $461,888,000 after buying an additional 20,505,706 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Brixmor Property Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 13,138,135 shares of the real estate investment trust’s stock worth $281,944,000 after buying an additional 797,075 shares in the last quarter. State Street Corp grew its position in shares of Brixmor Property Group by 3.8% during the first quarter. State Street Corp now owns 9,633,414 shares of the real estate investment trust’s stock worth $206,723,000 after buying an additional 350,623 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in shares of Brixmor Property Group by 4.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 9,125,790 shares of the real estate investment trust’s stock worth $163,169,000 after buying an additional 393,226 shares in the last quarter.

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Shares of Brixmor Property Group Inc. (BRX) opened at 19.70 on Friday. The stock has a market cap of $6.01 billion, a PE ratio of 20.18 and a beta of 0.54. Brixmor Property Group Inc. has a 1-year low of $17.35 and a 1-year high of $29.14. The company’s 50-day moving average price is $19.26 and its 200 day moving average price is $19.64.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $322.80 million during the quarter, compared to analyst estimates of $315.69 million. During the same quarter last year, the firm earned $0.50 EPS. Brixmor Property Group’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts forecast that Brixmor Property Group Inc. will post $0.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.28%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.

In other news, insider James M. Taylor, Jr. bought 15,600 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the transaction, the insider now owns 224,793 shares in the company, valued at $4,325,017.32. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Schreiber bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased 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 disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

A number of brokerages have recently commented on BRX. Boenning Scattergood reissued a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and set a $23.00 target price on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Citigroup Inc. boosted their target price on Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Mizuho upgraded Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Brixmor Property Group currently has a consensus rating of “Hold” and an average price target of $23.85.

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.

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

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