Gilman Hill Asset Management LLC decreased its position in Brixmor Property Group Inc (NYSE:BRX) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,340 shares of the real estate investment trust’s stock after selling 5,035 shares during the period. Gilman Hill Asset Management LLC’s holdings in Brixmor Property Group were worth $807,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRX. Private Advisor Group LLC lifted its stake in Brixmor Property Group by 2.8% during the second quarter. Private Advisor Group LLC now owns 23,469 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 643 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $1,041,000. Pensionfund Sabic raised its holdings in shares of Brixmor Property Group by 21.6% during the fourth quarter. Pensionfund Sabic now owns 50,711 shares of the real estate investment trust’s stock valued at $1,096,000 after acquiring an additional 9,000 shares during the period. Millennium Management LLC raised its holdings in shares of Brixmor Property Group by 35.8% during the third quarter. Millennium Management LLC now owns 86,665 shares of the real estate investment trust’s stock valued at $1,758,000 after acquiring an additional 22,865 shares during the period. Finally, State Street Corp raised its holdings in shares of Brixmor Property Group by 0.6% during the third quarter. State Street Corp now owns 16,307,919 shares of the real estate investment trust’s stock valued at $330,888,000 after acquiring an additional 99,775 shares during the period. Hedge funds and other institutional investors own 99.20% of the company’s stock.
Brixmor Property Group stock traded down $0.05 during trading hours on Friday, hitting $20.70. The company had a trading volume of 47,790 shares, compared to its average volume of 2,917,791. The firm has a market capitalization of $6.19 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 2.40 and a beta of 0.72. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.50 and a quick ratio of 0.50. The firm’s fifty day moving average is $21.20 and its 200-day moving average is $20.08. Brixmor Property Group Inc has a fifty-two week low of $15.92 and a fifty-two week high of $22.74.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.20). Brixmor Property Group had a net margin of 24.75% and a return on equity of 10.41%. The company had revenue of $292.97 million during the quarter, compared to analyst estimates of $290.51 million. During the same quarter in the prior year, the company posted $0.42 EPS. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts anticipate that Brixmor Property Group Inc will post 1.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were paid a dividend of $0.285 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, January 3rd. This represents a $1.14 annualized dividend and a dividend yield of 5.51%. Brixmor Property Group’s dividend payout ratio is 61.62%.
A number of equities research analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of Brixmor Property Group from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Zacks Investment Research lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. ValuEngine lowered shares of Brixmor Property Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 3rd. Evercore ISI lowered shares of Brixmor Property Group from an “outperform” rating to an “in-line” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group assumed coverage on shares of Brixmor Property Group in a report on Wednesday. They set a “hold” rating and a $21.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.83.
In related news, insider Steven F. Siegel sold 7,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $22.01, for a total transaction of $165,075.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian T. Finnegan sold 3,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $22.24, for a total transaction of $66,720.00. Following the sale, the insider now directly owns 224,646 shares of the company’s stock, valued at $4,996,127.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,000 shares of company stock worth $455,070. 0.40% of the stock is currently owned by company insiders.
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.
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