First Manhattan Co. increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 399.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,537,970 shares of the real estate investment trust’s stock after buying an additional 1,229,970 shares during the period. First Manhattan Co. owned 0.50% of Brixmor Property Group worth $27,498,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its stake in Brixmor Property Group by 15.7% in the second quarter. World Asset Management Inc now owns 15,037 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 2,042 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in Brixmor Property Group during the second quarter valued at about $406,000. Coronation Fund Managers Ltd. acquired a new position in Brixmor Property Group during the second quarter valued at about $14,270,000. Rothschild Asset Management Inc. raised its position in Brixmor Property Group by 5.2% in the second quarter. Rothschild Asset Management Inc. now owns 613,583 shares of the real estate investment trust’s stock valued at $10,971,000 after buying an additional 30,598 shares during the period. Finally, NGAM Advisors L.P. raised its position in Brixmor Property Group by 70.8% in the second quarter. NGAM Advisors L.P. now owns 23,646 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 9,802 shares during the period.
Shares of Brixmor Property Group Inc. (NYSE BRX) traded down 0.51% during trading on Friday, reaching $19.53. 2,361,904 shares of the company’s stock were exchanged. Brixmor Property Group Inc. has a 52-week low of $17.35 and a 52-week high of $29.14. The stock’s 50 day moving average price is $18.82 and its 200-day moving average price is $20.48. The stock has a market cap of $5.96 billion, a PE ratio of 20.01 and a beta of 0.53.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The business had revenue of $322.80 million during the quarter, compared to analysts’ expectations of $315.69 million. During the same period in the prior year, the company earned $0.50 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts forecast that Brixmor Property Group Inc. will post $0.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.33%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.12%.
Several research firms recently issued reports on BRX. Citigroup Inc. increased their price target on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Boenning Scattergood reissued a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Finally, Barclays PLC dropped their price objective on shares of Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.25.
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.
Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.