Brixmor Property Group Inc. (BRX) Shares Bought by Swiss National Bank
Swiss National Bank raised its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,120,650 shares of the real estate investment trust’s stock after purchasing an additional 11,600 shares during the period. Swiss National Bank owned 367,498.52% of Brixmor Property Group worth $21,068,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of BRX. Teachers Advisors LLC increased its position in Brixmor Property Group by 15.6% during the first quarter. Teachers Advisors LLC now owns 405,403 shares of the real estate investment trust’s stock worth $8,700,000 after purchasing an additional 54,565 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Brixmor Property Group in the first quarter worth $363,000. Bank of Montreal Can increased its position in shares of Brixmor Property Group by 512.7% in the second quarter. Bank of Montreal Can now owns 201,233 shares of the real estate investment trust’s stock worth $3,598,000 after acquiring an additional 168,389 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Brixmor Property Group by 38.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 62,738 shares of the real estate investment trust’s stock worth $1,122,000 after acquiring an additional 17,368 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Brixmor Property Group by 508.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 49,418 shares of the real estate investment trust’s stock worth $884,000 after acquiring an additional 41,302 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on BRX. ValuEngine raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Citigroup Inc. increased their price objective on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Mizuho reissued a “buy” rating and issued a $19.50 price objective on shares of Brixmor Property Group in a research report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Brixmor Property Group has a consensus rating of “Hold” and an average target price of $23.11.
In related news, EVP Mark Horgan acquired 3,000 shares of Brixmor Property Group stock in a transaction on Friday, November 3rd. The shares were purchased at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the purchase, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Schreiber acquired 10,000 shares of Brixmor Property Group stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $374,400. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.
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Shares of Brixmor Property Group Inc. (BRX) opened at $18.62 on Friday. The firm has a market cap of $5,677.93, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.80 and a beta of 0.51. Brixmor Property Group Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $25.34. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The firm had revenue of $314.50 million for the quarter, compared to analyst estimates of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. Brixmor Property Group’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. equities analysts anticipate that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.91%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 98.11%.
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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