Dupont Capital Management Corp Decreases Position in Brixmor Property Group Inc (BRX)
Dupont Capital Management Corp cut its holdings in Brixmor Property Group Inc (NYSE:BRX) by 59.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,735 shares of the real estate investment trust’s stock after selling 64,506 shares during the period. Dupont Capital Management Corp’s holdings in Brixmor Property Group were worth $835,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in BRX. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Brixmor Property Group in the third quarter valued at about $100,000. Meeder Asset Management Inc. grew its stake in shares of Brixmor Property Group by 621.1% in the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Brixmor Property Group by 159.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 5,203 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Brixmor Property Group in the third quarter valued at about $191,000. Finally, IFM Investors Pty Ltd acquired a new stake in Brixmor Property Group during the third quarter worth about $197,000. Institutional investors and hedge funds own 98.83% of the company’s stock.
Shares of Brixmor Property Group Inc (BRX) opened at $14.99 on Thursday. Brixmor Property Group Inc has a one year low of $14.69 and a one year high of $24.64. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm has a market cap of $4,583.21, a P/E ratio of 7.12, a PEG ratio of 1.87 and a beta of 0.35.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $19.00 price objective on shares of Brixmor Property Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Barclays reduced their price objective on shares of Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 30th. Royal Bank of Canada reiterated a “hold” rating and set a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, November 2nd. Finally, Boenning Scattergood reiterated a “buy” rating and set a $22.00 price objective on shares of Brixmor Property Group in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Brixmor Property Group has an average rating of “Hold” and an average target price of $19.75.
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Brixmor Property Group 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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