Northern Trust Corp grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,074,309 shares of the real estate investment trust’s stock after buying an additional 382,584 shares during the period. Northern Trust Corp owned 1.01% of Brixmor Property Group worth $54,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of 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 buying an additional 554 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Brixmor Property Group by 159.5% during the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 5,203 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of Brixmor Property Group by 17.5% during the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 1,420 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Brixmor Property Group by 58.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,538 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of Brixmor Property Group by 38.8% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 2,600 shares during the last quarter.

Shares of Brixmor Property Group Inc. (BRX) opened at 18.76 on Friday. Brixmor Property Group Inc. has a one year low of $17.35 and a one year high of $27.24. The company’s 50-day moving average price is $18.96 and its 200 day moving average price is $19.33. The company has a market cap of $5.72 billion, a PE ratio of 19.22 and a beta of 0.53.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The business had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. During the same period in the prior year, the business posted $0.50 earnings per share. Brixmor Property Group’s revenue was up 4.1% compared to the same quarter last year. 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. Investors of record on Thursday, October 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.04 annualized dividend and a yield of 5.54%. Brixmor Property Group’s dividend payout ratio is currently 106.12%.

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

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday. Boenning Scattergood raised Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Tuesday, September 12th. BMO Capital Markets began coverage on Brixmor Property Group in a report on Monday, September 11th. They set a “market perform” rating and a $20.00 target price on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.50.

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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