Cbre Clarion Securities LLC lessened its position in Brixmor Property Group Inc (NYSE:BRX) by 32.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,821,047 shares of the real estate investment trust’s stock after selling 1,836,668 shares during the period. Brixmor Property Group comprises 1.0% of Cbre Clarion Securities LLC’s portfolio, making the stock its 29th largest holding. Cbre Clarion Securities LLC owned about 1.29% of Brixmor Property Group worth $36,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM Advisors LLC bought a new position in shares of Brixmor Property Group in the first quarter worth approximately $32,000. Evolution Wealth Advisors LLC bought a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $35,000. Acadian Asset Management LLC bought a new position in shares of Brixmor Property Group in the first quarter worth approximately $42,000. CWM LLC bought a new position in Brixmor Property Group during the fourth quarter valued at approximately $49,000. Finally, Whittier Trust Co. purchased a new stake in Brixmor Property Group in the first quarter worth approximately $60,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Several equities research analysts recently issued reports on the stock. KeyCorp dropped their target price on shares of Brixmor Property Group from $24.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, April 3rd. Wells Fargo & Co dropped their target price on shares of Brixmor Property Group from $24.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. SunTrust Banks dropped their target price on shares of Brixmor Property Group from $21.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Compass Point upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $16.00 in a report on Thursday, April 16th. Finally, Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Monday, May 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.76.

In related news, Director Sheryl Maxwell Crosland bought 2,500 shares of the company’s stock in a transaction on Monday, March 16th. The shares were bought at an average price of $12.53 per share, with a total value of $31,325.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $250,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James M. Taylor, Jr. bought 10,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $13.43 per share, for a total transaction of $134,300.00. Following the transaction, the chief executive officer now owns 299,760 shares in the company, valued at approximately $4,025,776.80. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 22,500 shares of company stock valued at $289,625. 0.44% of the stock is currently owned by company insiders.

Shares of NYSE BRX traded up $1.25 during trading hours on Wednesday, hitting $13.70. 3,446,473 shares of the stock were exchanged, compared to its average volume of 3,971,336. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.06. The company has a market cap of $3.58 billion, a PE ratio of 15.04 and a beta of 1.47. The firm has a fifty day moving average price of $10.42 and a 200-day moving average price of $16.60. Brixmor Property Group Inc has a 12 month low of $7.51 and a 12 month high of $22.74.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.28). The firm had revenue of $282.30 million for the quarter, compared to the consensus estimate of $291.87 million. Brixmor Property Group had a return on equity of 9.94% and a net margin of 23.43%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. As a group, equities analysts anticipate that Brixmor Property Group Inc will post 1.75 earnings per share for the current fiscal year.

Brixmor Property Group Profile

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 425 retail centers comprise approximately 74 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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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