Meiji Yasuda Asset Management Co Ltd. Purchases 12,100 Shares of Brixmor Property Group Inc. (BRX)
Meiji Yasuda Asset Management Co Ltd. increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 109.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,150 shares of the real estate investment trust’s stock after purchasing an additional 12,100 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Brixmor Property Group were worth $435,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in Brixmor Property Group by 8.4% in the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 554 shares during the period. Meeder Asset Management Inc. boosted its holdings in 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 worth $150,000 after acquiring an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in 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 worth $152,000 after acquiring an additional 5,203 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Brixmor Property Group by 58.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 3,538 shares in the last quarter.
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In other Brixmor Property Group news, EVP Mark Horgan purchased 3,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $17.64 per share, with a total value of $52,920.00. Following the completion of the acquisition, the executive vice president now directly owns 56,703 shares in the company, valued at approximately $1,000,240.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.27% of the company’s stock.
BRX has been the topic of several analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 target price on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Boenning Scattergood reissued a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Citigroup Inc. boosted their target price on Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Finally, Barclays PLC reissued a “hold” rating and issued a $22.00 target price on shares of Brixmor Property Group in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Brixmor Property Group currently has a consensus rating of “Hold” and a consensus target price of $23.11.
Brixmor Property Group Inc. (BRX) opened at $18.44 on Friday. The stock has a market capitalization of $5,623.04, a price-to-earnings ratio of 8.74, a PEG ratio of 1.95 and a beta of 0.51. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group Inc. has a 1-year low of $17.23 and a 1-year high of $25.34.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). The business had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. analysts predict that Brixmor Property Group Inc. will post 2.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.275 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 98.11%.
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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