American Century Companies Inc. decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 88.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,766 shares of the real estate investment trust’s stock after selling 464,998 shares during the quarter. American Century Companies Inc.’s holdings in Brixmor Property Group were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Brixmor Property Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 47,200,813 shares of the real estate investment trust’s stock worth $1,012,929,000 after buying an additional 526,981 shares during the last quarter. BlackRock Inc. grew its position in Brixmor Property Group by 2,015.3% in the first quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock worth $461,888,000 after buying an additional 20,505,706 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Brixmor Property Group by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 13,138,135 shares of the real estate investment trust’s stock worth $281,944,000 after buying an additional 797,075 shares during the last quarter. State Street Corp grew its position in Brixmor Property Group by 3.8% in the first quarter. State Street Corp now owns 9,633,414 shares of the real estate investment trust’s stock worth $206,723,000 after buying an additional 350,623 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in Brixmor Property Group by 4.3% in the first quarter. Lasalle Investment Management Securities LLC now owns 8,732,564 shares of the real estate investment trust’s stock worth $187,401,000 after buying an additional 361,710 shares during the last quarter.

Brixmor Property Group Inc. (NYSE BRX) opened at 19.70 on Friday. The stock has a market capitalization of $6.01 billion, a PE ratio of 20.18 and a beta of 0.54. Brixmor Property Group Inc. has a 52-week low of $17.35 and a 52-week high of $29.14. The firm’s 50-day moving average is $19.26 and its 200 day moving average is $19.64.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The company had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. On average, equities analysts forecast that Brixmor Property Group Inc. will post $0.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 annualized dividend and a yield of 5.28%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.

In other news, Director John Schreiber bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $374,400. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James M. Taylor, Jr. bought 15,600 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the acquisition, the insider now owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

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Several research analysts have issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. BMO Capital Markets assumed coverage on shares of Brixmor Property Group in a research report on Monday, September 11th. They issued a “market perform” rating and a $20.00 price target on the stock. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Barclays PLC restated a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.85.

About Brixmor Property Group

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.

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

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