Brixmor Property Group Inc. (BRX) Holdings Raised by Uniplan Investment Counsel Inc.
Uniplan Investment Counsel Inc. boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 968,193 shares of the real estate investment trust’s stock after acquiring an additional 20,262 shares during the quarter. Uniplan Investment Counsel Inc. owned about 0.32% of Brixmor Property Group worth $18,202,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Brixmor Property Group in the third quarter valued at $100,000. Pacer Advisors Inc. grew its stake in shares of Brixmor Property Group by 8.4% in 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 in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Brixmor Property Group by 621.1% in the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Brixmor Property Group by 159.5% in 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 purchasing an additional 5,203 shares during the period. Finally, LS Investment Advisors LLC boosted its holdings in Brixmor Property Group by 17.5% in 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 purchasing an additional 1,420 shares during the period. 98.57% of the stock is owned by institutional investors.
In other news, EVP Mark Horgan bought 3,000 shares of Brixmor Property Group stock in a transaction dated Friday, November 3rd. The stock was acquired at an average cost of $17.64 per share, with a total value of $52,920.00. Following the acquisition, the executive vice president now owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The firm had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. sell-side analysts predict that Brixmor Property Group Inc. will post 2.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a $0.275 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Wednesday, January 3rd. Brixmor Property Group’s payout ratio is presently 98.11%.
A number of research firms recently issued reports on BRX. BMO Capital Markets set a $19.00 target price on Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $22.00 target price on shares of Brixmor Property Group in a report on Thursday, November 2nd. KeyCorp reiterated a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. ValuEngine lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Boenning Scattergood upgraded Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Brixmor Property Group has an average rating of “Hold” and a consensus target price of $22.00.
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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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