Presima Inc. decreased its position in shares of Brixmor Property Group Inc (NYSE:BRX) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,659,100 shares of the real estate investment trust’s stock after selling 192,400 shares during the period. Brixmor Property Group accounts for about 5.5% of Presima Inc.’s investment portfolio, making the stock its 9th largest position. Presima Inc. owned about 0.56% of Brixmor Property Group worth $33,663,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan raised its stake in Brixmor Property Group by 1.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 55,210 shares of the real estate investment trust’s stock worth $987,000 after acquiring an additional 550 shares during the period. Private Advisor Group LLC grew its holdings in Brixmor Property Group by 2.8% during the 2nd quarter. Private Advisor Group LLC now owns 23,469 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 643 shares in the last quarter. Profund Advisors LLC grew its holdings in Brixmor Property Group by 2.0% during the 2nd quarter. Profund Advisors LLC now owns 44,044 shares of the real estate investment trust’s stock valued at $788,000 after buying an additional 849 shares in the last quarter. Zeke Capital Advisors LLC grew its holdings in Brixmor Property Group by 1.0% during the 2nd quarter. Zeke Capital Advisors LLC now owns 85,833 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 883 shares in the last quarter. Finally, Glen Harbor Capital Management LLC grew its holdings in Brixmor Property Group by 0.4% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 325,920 shares of the real estate investment trust’s stock valued at $5,827,000 after buying an additional 1,168 shares in the last quarter. Institutional investors own 99.19% of the company’s stock.
Shares of BRX stock traded down $0.03 on Monday, reaching $21.07. The company’s stock had a trading volume of 1,938,798 shares, compared to its average volume of 3,148,773. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.78. The stock’s fifty day simple moving average is $20.12 and its 200-day simple moving average is $18.65. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74. Brixmor Property Group Inc has a 1 year low of $14.11 and a 1 year high of $21.24.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.24). Brixmor Property Group had a return on equity of 12.66% and a net margin of 30.07%. The firm had revenue of $291.00 million for the quarter, compared to analysts’ expectations of $286.99 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities research analysts forecast that Brixmor Property Group Inc will post 1.91 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Barclays reaffirmed a “hold” rating and set a $21.00 price objective on shares of Brixmor Property Group in a report on Sunday, October 13th. KeyCorp increased their price objective on shares of Brixmor Property Group from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Zacks Investment Research lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Deutsche Bank lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $19.00 in a report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Sandler O’Neill raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the company from $19.00 to $21.00 in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.
In other Brixmor Property Group news, Director James M. Taylor, Jr. bought 7,500 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $18.50 per share, for a total transaction of $138,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.
About Brixmor Property Group
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.
Featured Story: Market Capitalization and Individual Investors
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.