Nisa Investment Advisors LLC boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 54.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,112 shares of the real estate investment trust’s stock after buying an additional 10,956 shares during the period. Nisa Investment Advisors LLC’s holdings in Brixmor Property Group were worth $556,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in shares of Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 209 shares in the last quarter. World Asset Management Inc increased its position in shares of Brixmor Property Group by 2.0% in the first quarter. World Asset Management Inc now owns 12,995 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 256 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Brixmor Property Group by 0.3% in the first quarter. Fifth Third Bancorp now owns 92,123 shares of the real estate investment trust’s stock valued at $1,977,000 after buying an additional 301 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 341 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Brixmor Property Group by 3.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,828 shares of the real estate investment trust’s stock valued at $484,000 after buying an additional 570 shares in the last quarter.

Brixmor Property Group Inc. (NYSE:BRX) traded down 0.177% during midday trading on Thursday, reaching $19.725. 1,013,484 shares of the company’s stock traded hands. Brixmor Property Group Inc. has a 52-week low of $17.35 and a 52-week high of $29.14. The company has a market cap of $6.01 billion, a P/E ratio of 20.210 and a beta of 0.53. The stock has a 50-day moving average of $18.71 and a 200 day moving average of $20.52.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. On average, analysts anticipate that Brixmor Property Group Inc. will post $0.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors 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 yield of 5.26%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.

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Several brokerages recently issued reports on BRX. Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price target on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Barclays PLC cut their price target on shares of Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Boenning Scattergood reissued a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Brixmor Property Group presently has a consensus rating of “Hold” and an average target price of $26.25.

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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