Poplar Forest Capital LLC acquired a new stake in shares of Brixmor Property Group Inc (NYSE:BRX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 196,156 shares of the real estate investment trust’s stock, valued at approximately $3,507,000.
Other institutional investors also recently bought and sold shares of the company. Machina Capital S.A.S. purchased a new position in Brixmor Property Group in the 2nd quarter worth $111,000. LS Investment Advisors LLC purchased a new position in Brixmor Property Group in the 1st quarter worth $289,000. Oakbrook Investments LLC purchased a new position in Brixmor Property Group in the 1st quarter worth $300,000. Crossmark Global Holdings Inc. purchased a new position in Brixmor Property Group in the 1st quarter worth $301,000. Finally, Qube Research & Technologies Ltd purchased a new position in Brixmor Property Group in the 2nd quarter worth $301,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.
BRX has been the topic of a number of analyst reports. Compass Point initiated coverage on shares of Brixmor Property Group in a research report on Thursday. They issued a “neutral” rating and a $19.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Scotiabank cut shares of Brixmor Property Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $20.00 to $19.00 in a research report on Friday. ValuEngine cut shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, KeyCorp set a $20.00 target price on shares of Brixmor Property Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Brixmor Property Group currently has an average rating of “Hold” and an average price target of $19.00.
NYSE:BRX traded up $0.11 during trading hours on Friday, reaching $18.51. The company’s stock had a trading volume of 6,802,500 shares, compared to its average volume of 2,874,436. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 2.15 and a beta of 0.74. The firm has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $17.99. Brixmor Property Group Inc has a 1 year low of $14.11 and a 1 year high of $19.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.47 and a current ratio of 0.47.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.24). The firm had revenue of $291.00 million during the quarter, compared to the consensus estimate of $286.99 million. Brixmor Property Group had a return on equity of 12.66% and a net margin of 30.07%. Brixmor Property Group’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. Equities analysts anticipate that Brixmor Property Group Inc will post 1.9 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend is Thursday, October 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.
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.
Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc (NYSE:BRX).
Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.