Brixmor Property Group Inc. (BRX) Stake Lifted by Prudential Financial Inc.

Prudential Financial Inc. boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 15.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,256,969 shares of the real estate investment trust’s stock after buying an additional 168,592 shares during the period. Prudential Financial Inc. owned approximately 0.41% of Brixmor Property Group worth $23,632,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in BRX. Pacer Advisors Inc. grew its stake in Brixmor Property Group by 8.4% in the 2nd 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 during the last quarter. Meeder Asset Management Inc. grew its stake in Brixmor Property Group by 621.1% in the 3rd 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 during the last quarter. PNC Financial Services Group Inc. grew its stake in Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 5,203 shares during the last quarter. LS Investment Advisors LLC grew its stake in Brixmor Property Group by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 1,420 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in Brixmor Property Group by 58.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,538 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Brixmor Property Group Inc. (NYSE:BRX) opened at $18.35 on Friday. Brixmor Property Group Inc. has a 52-week low of $17.23 and a 52-week high of $25.34. The stock has a market cap of $5,562.06, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.51. 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 issued 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). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The firm had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. During the same period last year, the company posted $0.51 EPS. The business’s revenue was down 1.3% on a year-over-year basis. sell-side analysts expect 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. Stockholders 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 dividend yield of 5.99%. The ex-dividend date is Wednesday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio is 98.11%.

A number of research analysts recently commented on BRX shares. KeyCorp reiterated a “hold” rating on shares of Brixmor Property Group in a research note on Friday, August 25th. Boenning Scattergood upgraded shares of Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Tuesday, September 12th. BMO Capital Markets started coverage on shares of Brixmor Property Group in a research report on Monday, September 11th. They set a “market perform” rating and a $20.00 target price on the stock. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.11.

In other news, Director John Schreiber purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of $18.72 per share, with a total value of $187,200.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $374,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Horgan purchased 3,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were purchased 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 in the company, valued at approximately $1,000,240.92. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

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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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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