Brixmor Property Group Inc (BRX) Shares Sold by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL trimmed its position in shares of Brixmor Property Group Inc (NYSE:BRX) by 36.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 333,400 shares of the real estate investment trust’s stock after selling 188,400 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Brixmor Property Group were worth $5,838,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in shares of Brixmor Property Group in the second quarter worth $124,000. Spirit of America Management Corp NY raised its holdings in shares of Brixmor Property Group by 143.5% in the third quarter. Spirit of America Management Corp NY now owns 7,975 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,700 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Brixmor Property Group in the second quarter worth $201,000. Signition LP acquired a new position in shares of Brixmor Property Group in the second quarter worth $222,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Brixmor Property Group in the second quarter worth $258,000.
A number of equities analysts have recently weighed in on the company. SunTrust Banks reissued a “buy” rating and issued a $20.00 price target on shares of Brixmor Property Group in a report on Wednesday, August 8th. BMO Capital Markets reissued a “hold” rating and issued a $16.50 price target on shares of Brixmor Property Group in a report on Monday, July 30th. Scotiabank assumed coverage on Brixmor Property Group in a report on Tuesday, October 16th. They issued an “outperform” rating for the company. Barclays reissued a “hold” rating and issued a $16.00 price target on shares of Brixmor Property Group in a report on Sunday, October 14th. Finally, ValuEngine raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.50.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 29th. The real estate investment trust reported $0.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The firm had revenue of $306.48 million during the quarter, compared to analyst estimates of $301.87 million. Brixmor Property Group had a return on equity of 12.47% and a net margin of 28.54%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Research analysts predict that Brixmor Property Group Inc will post 2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, January 4th will be paid a $0.28 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a yield of 6.94%. The ex-dividend date is Thursday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 52.63%.
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About Brixmor Property Group
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 471 retail centers comprise approximately 80 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
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