Korea Investment CORP reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 368,800 shares of the real estate investment trust’s stock after selling 47,000 shares during the period. Korea Investment CORP’s holdings in Brixmor Property Group were worth $6,594,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in 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 valued at $1,012,929,000 after buying an additional 526,981 shares in the last quarter. DnB Asset Management AS raised its position in 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 valued at $519,000 after buying an additional 4,900 shares in the last quarter. Teachers Advisors LLC raised its position in Brixmor Property Group by 25.3% in the fourth quarter. Teachers Advisors LLC now owns 350,838 shares of the real estate investment trust’s stock valued at $8,567,000 after buying an additional 70,784 shares in the last quarter. AXA bought a new position in Brixmor Property Group during the first quarter valued at $257,000. Finally, BlackRock Inc. raised its position in 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 valued at $461,888,000 after buying an additional 20,505,706 shares in the last quarter.

Shares of Brixmor Property Group Inc. (NYSE BRX) opened at 19.63 on Friday. The firm has a 50-day moving average of $18.77 and a 200 day moving average of $20.52. The company has a market capitalization of $5.99 billion, a P/E ratio of 20.11 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 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The firm had revenue of $322.80 million for the quarter, compared to the consensus estimate of $315.69 million. During the same period last year, the company posted $0.50 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts anticipate that Brixmor Property Group Inc. will post $0.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.30%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.

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Several research analysts have weighed in on BRX shares. Zacks Investment Research lowered shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Citigroup Inc. dropped their price objective on shares of Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. BidaskClub upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research note on Monday, June 19th. Finally, Barclays PLC dropped their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.25.

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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