Green Street Investors LLC bought a new stake in shares of Brixmor Property Group Inc (NYSE:BRX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 174,000 shares of the real estate investment trust’s stock, valued at approximately $3,247,000. Brixmor Property Group comprises 1.8% of Green Street Investors LLC’s holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Strs Ohio raised its stake in Brixmor Property Group by 3.4% during the 4th quarter. Strs Ohio now owns 401,261 shares of the real estate investment trust’s stock valued at $7,487,000 after buying an additional 13,250 shares during the last quarter. First Manhattan Co. raised its stake in Brixmor Property Group by 17.6% during the 4th quarter. First Manhattan Co. now owns 1,866,270 shares of the real estate investment trust’s stock valued at $34,824,000 after buying an additional 279,000 shares during the last quarter. Ingalls & Snyder LLC raised its stake in Brixmor Property Group by 31.9% during the 4th quarter. Ingalls & Snyder LLC now owns 164,700 shares of the real estate investment trust’s stock valued at $3,073,000 after buying an additional 39,857 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Brixmor Property Group by 36.9% during the 4th quarter. State of Alaska Department of Revenue now owns 224,950 shares of the real estate investment trust’s stock valued at $4,196,000 after buying an additional 60,690 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Brixmor Property Group by 6.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,988,092 shares of the real estate investment trust’s stock valued at $55,758,000 after buying an additional 183,692 shares during the last quarter. Institutional investors and hedge funds own 98.57% of the company’s stock.

In other Brixmor Property Group news, EVP Mark Horgan purchased 3,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the purchase, the executive vice president now owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

Brixmor Property Group Inc (BRX) traded up $0.02 during trading hours on Tuesday, hitting $17.14. The stock had a trading volume of 5,384,300 shares, compared to its average volume of 3,162,686. 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 cap of $5,240.00, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. Brixmor Property Group Inc has a 52-week low of $16.53 and a 52-week high of $24.94.

Brixmor Property Group (NYSE:BRX) last issued 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 Zacks’ consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The business had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. During the same quarter in the previous year, the company posted $0.51 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. research analysts anticipate that Brixmor Property Group Inc will post 2.08 earnings per share for the current year.

Brixmor Property Group announced that its Board of Directors has initiated a share buyback program on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date was Wednesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio is presently 103.77%.

Several research firms have recently commented on BRX. SunTrust Banks set a $19.00 price objective on Brixmor Property Group and gave the stock a “buy” rating in a research note on Monday. Royal Bank of Canada restated a “hold” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, November 2nd. Boenning Scattergood restated a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, December 7th. BMO Capital Markets set a $20.00 price objective on Brixmor Property Group and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Finally, Mizuho lowered Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Monday, December 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.38.

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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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