SG Americas Securities LLC raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 659.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,764 shares of the real estate investment trust’s stock after buying an additional 76,202 shares during the period. SG Americas Securities LLC’s holdings in Brixmor Property Group were worth $1,569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of 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 period. DnB Asset Management AS raised its position in shares of Brixmor Property Group by 25.4% in the first quarter. DnB Asset Management AS now owns 24,200 shares of the real estate investment trust’s stock worth $519,000 after buying an additional 4,900 shares during the period. AXA acquired a new position in shares of Brixmor Property Group during the first quarter worth approximately $257,000. BlackRock Inc. raised its position in shares of 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 period. Finally, Brookfield Asset Management Inc. raised its position in shares of Brixmor Property Group by 1.7% in the first quarter. Brookfield Asset Management Inc. now owns 5,710,079 shares of the real estate investment trust’s stock worth $122,538,000 after buying an additional 96,060 shares during the period.

Brixmor Property Group Inc. (NYSE BRX) opened at 18.52 on Wednesday. The company’s 50-day moving average price is $19.08 and its 200 day moving average price is $20.12. The company has a market cap of $5.65 billion, a PE ratio of 18.98 and a beta of 0.53. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is currently 106.12%.

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BRX has been the topic of a number of research analyst reports. Barclays PLC reissued a “hold” rating and set a $22.00 price target on shares of Brixmor Property Group in a report on Monday, August 14th. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, August 14th. Citigroup Inc. lowered their price target on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. BidaskClub raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $25.06.

In related news, insider James M. Taylor, Jr. bought 15,600 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $19.24 per share, with a total value of $300,144.00. Following the transaction, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Schreiber bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $18.72 per share, with a total value of $187,200.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $374,400. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

Brixmor Property Group Company 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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