Toronto Dominion Bank boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 244.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,877 shares of the real estate investment trust’s stock after acquiring an additional 9,136 shares during the period. Toronto Dominion Bank’s holdings in Brixmor Property Group were worth $242,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. M&T Bank Corp boosted its holdings in Brixmor Property Group by 1.8% in the second quarter. M&T Bank Corp now owns 17,587 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 316 shares in the last quarter. Cigna Investments Inc. New boosted its holdings in shares of Brixmor Property Group by 0.6% during the 2nd quarter. Cigna Investments Inc. New now owns 66,416 shares of the real estate investment trust’s stock valued at $1,188,000 after buying an additional 422 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Brixmor Property Group by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 554 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Brixmor Property Group by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,283 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 712 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Brixmor Property Group by 17.5% during the 2nd 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.

In related news, EVP Mark Horgan purchased 3,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was purchased at an average price of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now directly owns 56,703 shares in the company, valued at $1,000,240.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by insiders.

Brixmor Property Group Inc. (NYSE BRX) opened at $18.35 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $5,595.59, a PE ratio of 8.70, a PEG ratio of 1.94 and a beta of 0.51. Brixmor Property Group Inc. has a 52-week low of $17.23 and a 52-week high of $25.34.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. Brixmor Property Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. research analysts expect that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Wednesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s payout ratio is currently 98.11%.

A number of analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and set a $23.00 target price on shares of Brixmor Property Group in a report on Wednesday, August 2nd. KeyCorp restated a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. BMO Capital Markets set a $20.00 target price on shares of Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, Citigroup Inc. boosted their target price on shares of Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.11.

TRADEMARK VIOLATION WARNING: This news story was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/brixmor-property-group-inc-brx-stake-lifted-by-toronto-dominion-bank/1727246.html.

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.

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX).

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

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.