Brixmor Property Group Inc. (BRX) Shares Bought by Axa
Axa increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 67.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,484 shares of the real estate investment trust’s stock after buying an additional 134,041 shares during the quarter. Axa owned 0.11% of Brixmor Property Group worth $6,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in BRX. Public Employees Retirement System of Ohio grew its stake in Brixmor Property Group by 18.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 496,695 shares of the real estate investment trust’s stock valued at $9,338,000 after purchasing an additional 77,063 shares during the last quarter. Davis Selected Advisers purchased a new stake in Brixmor Property Group during the 3rd quarter valued at about $2,874,000. IFM Investors Pty Ltd purchased a new stake in Brixmor Property Group during the 3rd quarter valued at about $197,000. Sterling Capital Management LLC purchased a new stake in Brixmor Property Group during the 3rd quarter valued at about $717,000. Finally, California Public Employees Retirement System grew its stake in Brixmor Property Group by 8.8% during the 3rd quarter. California Public Employees Retirement System now owns 505,005 shares of the real estate investment trust’s stock valued at $9,494,000 after purchasing an additional 40,905 shares during the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.
Several analysts have weighed in on BRX shares. ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets started coverage on Brixmor Property Group in a research note on Monday, September 11th. They set a “market perform” rating and a $20.00 price target on the stock. Boenning Scattergood upgraded Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Tuesday, September 12th. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $22.00 target price on shares of Brixmor Property Group in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.25.
Shares of Brixmor Property Group Inc. (NYSE:BRX) opened at $18.16 on Friday. Brixmor Property Group Inc. has a one year low of $17.23 and a one year high of $25.34. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $5,479.72, a PE ratio of 17.13, a PEG ratio of 1.94 and a beta of 0.52.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. During the same quarter in the previous year, the company earned $0.51 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. research analysts expect that Brixmor Property Group Inc. will post 2.08 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be paid a $0.275 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, January 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.06%. Brixmor Property Group’s dividend payout ratio is presently 98.11%.
Brixmor Property Group declared that its board has authorized a share repurchase program on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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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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