Brixmor Property Group Inc. (BRX) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in Brixmor Property Group Inc. (NYSE:BRX) by 28.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,804,400 shares of the real estate investment trust’s stock after acquiring an additional 621,172 shares during the period. Schwab Charles Investment Management Inc. owned 0.92% of Brixmor Property Group worth $52,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. M&T Bank Corp boosted its stake in shares of Brixmor Property Group by 1.8% in the second quarter. M&T Bank Corp now owns 17,587 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 316 shares during the last quarter. Cigna Investments Inc. New boosted its stake in Brixmor Property Group by 0.6% during the second quarter. Cigna Investments Inc. New now owns 66,416 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 422 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Brixmor Property Group by 8.4% during the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 554 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Brixmor Property Group by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 20,283 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 712 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Brixmor Property Group by 17.5% during the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 1,420 shares during the last quarter. 98.57% of the stock is currently owned by hedge funds and other institutional investors.

In other Brixmor Property Group news, EVP Mark Horgan bought 3,000 shares of Brixmor Property Group stock in a transaction on Friday, November 3rd. The shares were bought at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the transaction, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Shares of Brixmor Property Group Inc. (NYSE:BRX) opened at $18.12 on Wednesday. Brixmor Property Group Inc. has a 1 year low of $17.23 and a 1 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 $5,665.73, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.52.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ 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 business had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Brixmor Property Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. equities research analysts expect that Brixmor Property Group Inc. will post 2.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 6.07%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s payout ratio is currently 98.11%.

BRX has been the topic of a number of recent research reports. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Boenning Scattergood set a $22.00 price objective on Brixmor Property Group and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, August 14th. KeyCorp reissued a “hold” rating on shares of Brixmor Property Group in a research note on Friday, August 25th. Finally, Barclays reissued a “hold” rating and set a $22.00 price objective on shares of Brixmor Property Group in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.00.

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About Brixmor Property Group

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.

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

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