Virtus ETF Advisers LLC Takes $2.56 Million Position in Brixmor Property Group Inc (NYSE:BRX)

Virtus ETF Advisers LLC purchased a new stake in Brixmor Property Group Inc (NYSE:BRX) in the second quarter, HoldingsChannel reports. The firm purchased 143,411 shares of the real estate investment trust’s stock, valued at approximately $2,564,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Brixmor Property Group by 61.1% in the first quarter. BlackRock Inc. now owns 36,138,525 shares of the real estate investment trust’s stock valued at $663,868,000 after acquiring an additional 13,704,777 shares during the last quarter. Lazard Asset Management LLC increased its stake in Brixmor Property Group by 236.8% in the first quarter. Lazard Asset Management LLC now owns 3,091,300 shares of the real estate investment trust’s stock valued at $56,786,000 after acquiring an additional 2,173,350 shares during the last quarter. Principal Financial Group Inc. increased its stake in Brixmor Property Group by 4,946.0% in the first quarter. Principal Financial Group Inc. now owns 1,320,891 shares of the real estate investment trust’s stock valued at $24,265,000 after acquiring an additional 1,294,714 shares during the last quarter. Centersquare Investment Management LLC increased its stake in Brixmor Property Group by 19.1% in the first quarter. Centersquare Investment Management LLC now owns 5,543,313 shares of the real estate investment trust’s stock valued at $101,830,000 after acquiring an additional 890,450 shares during the last quarter. Finally, American International Group Inc. increased its stake in Brixmor Property Group by 10,792.5% in the first quarter. American International Group Inc. now owns 595,710 shares of the real estate investment trust’s stock valued at $10,943,000 after acquiring an additional 590,241 shares during the last quarter. Institutional investors own 99.22% of the company’s stock.

In other Brixmor Property Group news, Director James M. Taylor, Jr. purchased 7,500 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $18.50 per share, for a total transaction of $138,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

BRX has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a research note on Wednesday, July 31st. KeyCorp set a $20.00 target price on shares of Brixmor Property Group and gave the stock a “buy” rating in a research note on Wednesday, June 19th. Zacks Investment Research raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Monday. Compass Point initiated coverage on shares of Brixmor Property Group in a research note on Thursday, August 15th. They set a “neutral” rating and a $19.00 target price on the stock. Finally, Deutsche Bank cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $20.00 to $19.00 in a research note on Thursday, September 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.30.

Shares of NYSE BRX traded down $0.22 during midday trading on Friday, reaching $19.46. 140,911 shares of the company were exchanged, compared to its average volume of 2,788,202. The stock’s 50-day moving average price is $18.67 and its 200-day moving average price is $18.11. The stock has a market cap of $5.92 billion, a P/E ratio of 10.55, a PEG ratio of 2.23 and a beta of 0.74. Brixmor Property Group Inc has a one year low of $14.11 and a one year high of $19.89. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.78.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.24). The company had revenue of $291.00 million for 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%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Brixmor Property Group Inc will post 1.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.76%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.

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 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.

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

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