Virginia Retirement Systems ET AL decreased its position in shares of Brixmor Property Group Inc (NYSE:BRX) by 36.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,400 shares of the real estate investment trust’s stock after selling 188,400 shares during the period. Virginia Retirement Systems ET AL owned 0.11% of Brixmor Property Group worth $5,838,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. acquired a new position in Brixmor Property Group during the third quarter worth approximately $1,905,000. Wells Fargo & Company MN increased its position in Brixmor Property Group by 5.3% during the third quarter. Wells Fargo & Company MN now owns 857,492 shares of the real estate investment trust’s stock worth $15,014,000 after buying an additional 43,513 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Brixmor Property Group by 24.3% in the third quarter. Daiwa Securities Group Inc. now owns 5,139,509 shares of the real estate investment trust’s stock valued at $89,993,000 after purchasing an additional 1,004,469 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Brixmor Property Group in the third quarter valued at approximately $289,000. Finally, US Bancorp DE increased its holdings in shares of Brixmor Property Group by 170.5% in the third quarter. US Bancorp DE now owns 16,658 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 10,500 shares during the period.
Brixmor Property Group stock opened at $16.14 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.78. Brixmor Property Group Inc has a 1-year low of $13.74 and a 1-year high of $18.83. The company has a market capitalization of $4.84 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 2.11 and a beta of 0.47.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, January 4th will be paid a $0.28 dividend. The ex-dividend date is Thursday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.94%. Brixmor Property Group’s payout ratio is 52.63%.
A number of research firms have recently issued reports on BRX. SunTrust Banks reissued a “buy” rating and issued a $20.00 target price on shares of Brixmor Property Group in a report on Wednesday, August 8th. BMO Capital Markets reissued a “hold” rating and issued a $16.50 target price on shares of Brixmor Property Group in a report on Monday, July 30th. Scotiabank began coverage on Brixmor Property Group in a report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Barclays reissued a “hold” rating and issued a $16.00 target price on shares of Brixmor Property Group in a report on Sunday, October 14th. Finally, ValuEngine raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.50.
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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 471 retail centers comprise approximately 80 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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