Has $27.50 Million Position in Brixmor Property Group Inc. (BRX)

Ausiliatrice Cristiano
Agosto 13, 2017

The fund owned 1,895,849 shares of the real estate investment trust's stock after buying an additional 268,372 shares during the period.

Here are a few other firms who have also updated their positions. As of the end of the quarter Renaissance Technologies LLC had sold a total of 960,200 shares trimming its holdings by 26.0%. On July 18 Barclays kept the stock rating at "Equal-Weight" and moved down the price target from $28.00 to $21.00. Boenning Scattergood reiterated a "hold" rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. cut their price target on Brixmor Property Group from $26.00 to $20.50 and set a neutral rating on the stock in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock now has a consensus rating of Hold and an average price target of $26.25. The stock decreased 0.66% or $0.13 during the last trading session, reaching $19.63. 2,361,904 shares of the company's stock were exchanged. The firm has a market capitalization of $5.96 billion, a PE ratio of 20.01 and a beta of 0.53.

It is trading at $19.53 marginally over $18.77, the 50 day moving average and which is just under the 200 day moving average of $20.52.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.02.

5 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 322.16 million while high and low sale targets are estimated at 331.8 million and 316.4 million respectively. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%.

News stories about Brixmor Property Group (NYSE:BRX) have been trending somewhat positive on Saturday, according to Accern. During the same quarter in the previous year, the business earned $0.50 earnings per share. During the same quarter a year ago, the business posted $0.50 earnings per share.

TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & global copyright & trademark legislation. Investors of record on Thursday, October 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group's payout ratio is presently 106.12%. Moreover, Hancock Holding Co has 0.44% invested in the company for 645,780 shares. Mckinley Capital Management LLC Delaware purchased a new position in Brixmor Property Group during the first quarter valued at $131,000.

Insider Trades for Brixmor Property Group Inc. show that the latest trade was made on 7 Jun 2017 where Greene Sulzberger (Gabrielle), the Director completed a transaction type "Buy" in which 5000 shares were traded at a price of $0. The institutional investor owned 18,346 shares of the real estate investment trust's stock after selling 589 shares during the period. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust's stock valued at $163,000 after buying an additional 341 shares in the last quarter. Finally, First Quadrant L P CA raised its stake in shares of Brixmor Property Group by 142.0% in the second quarter.

Brixmor Property Group Inc.is an internally managed real estate investment trust. Macquarie Group Ltd. raised its position in shares of Brixmor Property Group by 8.0% in the fourth quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 1,420 shares in the last quarter. $188,500 worth of Brixmor Property Group Inc (NYSE:BRX) was bought by Schreiber John. The Firm conducts its activities primarily through Brixmor Operating Partnership LP and subsidiaries.

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