Duff & Phelps Investment Management Co. increased its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 25.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,789,122 shares of the real estate investment trust’s stock after purchasing an additional 564,700 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.94% of Brixmor Property Group worth $49,870,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Brixmor Property Group by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,744,481 shares of the real estate investment trust’s stock valued at $69,696,000 after purchasing an additional 248,302 shares during the last quarter. Virtu Financial LLC bought a new position in Brixmor Property Group during the 1st quarter valued at about $419,000. Louisiana State Employees Retirement System bought a new position in Brixmor Property Group during the 1st quarter valued at about $1,470,000. Retirement Systems of Alabama bought a new position in Brixmor Property Group during the 1st quarter valued at about $7,141,000. Finally, New Mexico Educational Retirement Board bought a new position in Brixmor Property Group during the 1st quarter valued at about $1,047,000. 98.23% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. Compass Point assumed coverage on shares of Brixmor Property Group in a report on Thursday. They set a “neutral” rating and a $19.00 price target on the stock. ValuEngine downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price target on shares of Brixmor Property Group in a report on Wednesday, July 31st. KeyCorp set a $20.00 price target on shares of Brixmor Property Group and gave the company a “buy” rating in a report on Wednesday, June 19th. Finally, Scotiabank downgraded shares of Brixmor Property Group from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $20.00 to $19.00 in a report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Brixmor Property Group presently has a consensus rating of “Hold” and an average price target of $18.90.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.24). The company had revenue of $291.00 million during the quarter, compared to analysts’ expectations of $286.99 million. Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. Brixmor Property Group’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. As a group, equities research analysts anticipate that Brixmor Property Group Inc will post 1.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 6.04%. Brixmor Property Group’s dividend payout ratio (DPR) is 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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