Royal Bank of Canada raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 46.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 961,189 shares of the real estate investment trust’s stock after acquiring an additional 303,915 shares during the quarter. Royal Bank of Canada owned 0.32% of Brixmor Property Group worth $17,187,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in BRX. Pacer Advisors Inc. raised its stake in shares of Brixmor Property Group by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 554 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Brixmor Property Group by 159.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 5,203 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Brixmor Property Group by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 1,420 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Brixmor Property Group by 58.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 3,538 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Brixmor Property Group by 38.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 2,600 shares during the last quarter.

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Several research analysts have recently issued reports on BRX shares. Barclays PLC cut their price target on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, June 16th. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a research note on Friday, August 25th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price target on shares of Brixmor Property Group in a research note on Monday, June 19th. Boenning Scattergood raised Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Tuesday, September 12th. Finally, BidaskClub raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.50.

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

Shares of Brixmor Property Group Inc. (NYSE BRX) opened at 18.88 on Friday. The stock has a market cap of $5.76 billion, a PE ratio of 19.34 and a beta of 0.53. The firm has a 50-day moving average price of $18.94 and a 200 day moving average price of $19.23. Brixmor Property Group Inc. has a 12-month low of $17.35 and a 12-month high of $27.24.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results 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 firm had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. Brixmor Property Group’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities research analysts predict 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s payout ratio is 106.12%.

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.

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

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