Marshall Wace LLP trimmed its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 14.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,258,774 shares of the real estate investment trust’s stock after selling 381,790 shares during the period. Marshall Wace LLP’s holdings in Brixmor Property Group were worth $39,551,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Brixmor Property Group by 26.5% during the 2nd quarter. Bank of America Corp DE now owns 1,955,044 shares of the real estate investment trust’s stock worth $34,077,000 after buying an additional 410,028 shares during the period. Russell Investments Group Ltd. raised its stake in Brixmor Property Group by 175.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,291,534 shares of the real estate investment trust’s stock valued at $57,675,000 after purchasing an additional 2,098,559 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Brixmor Property Group by 86.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 305,050 shares of the real estate investment trust’s stock valued at $5,317,000 after purchasing an additional 141,400 shares during the last quarter. Schroder Investment Management Group raised its stake in Brixmor Property Group by 25.4% in the 2nd quarter. Schroder Investment Management Group now owns 3,695,743 shares of the real estate investment trust’s stock valued at $65,414,000 after purchasing an additional 748,041 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brixmor Property Group by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,400 shares of the real estate investment trust’s stock valued at $1,332,000 after purchasing an additional 7,949 shares during the last quarter.
NYSE:BRX traded down $0.08 during trading hours on Friday, hitting $16.71. The company had a trading volume of 351,859 shares, compared to its average volume of 3,333,097. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.78. The stock has a market cap of $4.84 billion, a P/E ratio of 7.99, a PEG ratio of 1.34 and a beta of 0.49. Brixmor Property Group Inc has a 1 year low of $13.74 and a 1 year high of $18.83.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 29th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $306.48 million during the quarter, compared to analysts’ expectations of $301.87 million. Brixmor Property Group had a return on equity of 12.47% and a net margin of 28.54%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. On average, equities analysts anticipate that Brixmor Property Group Inc will post 2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, January 4th will be issued a $0.28 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a yield of 6.70%. The ex-dividend date of this dividend is Thursday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 52.63%.
Several research analysts recently commented on the company. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Citigroup increased their price objective on Brixmor Property Group from $16.50 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 16th. KeyCorp raised Brixmor Property Group from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective for the company in a research note on Monday, October 29th. Finally, Wells Fargo & Co reduced their price objective on Brixmor Property Group from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.69.
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Brixmor Property Group Company 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 471 retail centers comprise approximately 80 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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