Allianz Asset Management GmbH Acquires 442,412 Shares of Brixmor Property Group Inc (BRX)

Allianz Asset Management GmbH grew its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 157.0% during the fourth quarter, HoldingsChannel reports. The firm owned 724,231 shares of the real estate investment trust’s stock after purchasing an additional 442,412 shares during the period. Allianz Asset Management GmbH’s holdings in Brixmor Property Group were worth $13,514,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at $100,000. CIBC Asset Management Inc bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at $191,000. IFM Investors Pty Ltd bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at $197,000. Meeder Asset Management Inc. raised its holdings in shares of Brixmor Property Group by 53.2% during the 4th quarter. Meeder Asset Management Inc. now owns 12,172 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 4,225 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Brixmor Property Group by 244.2% during the 3rd quarter. Toronto Dominion Bank now owns 12,877 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 9,136 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

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Brixmor Property Group Inc (NYSE BRX) opened at $15.57 on Friday. The company has a market cap of $4,750.00, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.98 and a beta of 0.38. Brixmor Property Group Inc has a twelve month low of $13.74 and a twelve month high of $22.19. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.95.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.27). The company had revenue of $320.06 million during the quarter, compared to analyst estimates of $312.97 million. Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. analysts expect that Brixmor Property Group Inc will post 2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $1.10 annualized dividend and a yield of 7.06%. Brixmor Property Group’s dividend payout ratio is 112.24%.

Brixmor Property Group announced that its board has initiated a stock repurchase program on Tuesday, December 5th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several research analysts recently commented on the stock. Boenning Scattergood reiterated a “buy” rating and issued a $22.00 target price on shares of Brixmor Property Group in a report on Tuesday, November 21st. Stifel Nicolaus assumed coverage on shares of Brixmor Property Group in a report on Thursday, November 30th. They issued a “hold” rating and a $19.00 target price on the stock. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays dropped their target price on shares of Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Finally, Sandler O’Neill set a $18.00 target price on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and a consensus price target of $18.40.

In related news, EVP Mark Horgan purchased 4,500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of $14.94 per share, for a total transaction of $67,230.00. Following the transaction, the executive vice president now directly owns 62,769 shares of the company’s stock, valued at approximately $937,768.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.

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Brixmor Property Group Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

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

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