US Bancorp DE reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 6.0% during the second quarter, Holdings Channel reports. The firm owned 34,872 shares of the real estate investment trust’s stock after selling 2,212 shares during the period. US Bancorp DE’s holdings in Brixmor Property Group were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Real Estate Management Services LLC raised its stake in Brixmor Property Group by 33.0% in the second quarter. Real Estate Management Services LLC now owns 946,600 shares of the real estate investment trust’s stock worth $16,925,000 after buying an additional 234,700 shares during the period. Ranger Global Real Estate Advisors LLC raised its stake in Brixmor Property Group by 100.7% in the second quarter. Ranger Global Real Estate Advisors LLC now owns 474,300 shares of the real estate investment trust’s stock worth $8,480,000 after buying an additional 238,000 shares during the period. First Quadrant L P CA raised its stake in Brixmor Property Group by 142.0% in the second quarter. First Quadrant L P CA now owns 1,367,926 shares of the real estate investment trust’s stock worth $24,459,000 after buying an additional 802,739 shares during the period. Aperio Group LLC raised its stake in Brixmor Property Group by 917.9% in the second quarter. Aperio Group LLC now owns 115,293 shares of the real estate investment trust’s stock worth $2,061,000 after buying an additional 103,966 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Brixmor Property Group by 54.4% in the second quarter. Nisa Investment Advisors LLC now owns 31,112 shares of the real estate investment trust’s stock worth $556,000 after buying an additional 10,956 shares during the period.

Shares of Brixmor Property Group Inc. (BRX) traded down 1.56% during trading on Tuesday, reaching $19.59. 1,674,903 shares of the company’s stock were exchanged. The company has a 50 day moving average of $18.87 and a 200 day moving average of $20.38. Brixmor Property Group Inc. has a 12-month low of $17.35 and a 12-month high of $29.14. The stock has a market cap of $5.97 billion, a P/E ratio of 20.07 and a beta of 0.53.

Brixmor Property Group (NYSE:BRX) last released 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. The business had revenue of $322.80 million for the quarter, compared to the consensus estimate 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 was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Equities research analysts anticipate that Brixmor Property Group Inc. will post $0.88 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 5.23%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is 106.12%.

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A number of analysts recently weighed in on the stock. Mizuho raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday. Barclays PLC reissued a “hold” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research report on Monday. Citigroup Inc. increased their price objective on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.95.

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.

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

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