Renaissance Technologies LLC lessened its stake in Brixmor Property Group Inc. (NYSE:BRX) by 26.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,732,600 shares of the real estate investment trust’s stock after selling 960,200 shares during the quarter. Renaissance Technologies LLC owned 0.90% of Brixmor Property Group worth $48,859,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BRX. Comerica Bank lifted its holdings in shares of Brixmor Property Group by 15.1% in the 1st quarter. Comerica Bank now owns 23,593 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 3,090 shares during the period. World Asset Management Inc lifted its holdings in shares of Brixmor Property Group by 2.0% in the 1st 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 during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Brixmor Property Group by 22.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,173,565 shares of the real estate investment trust’s stock valued at $25,185,000 after buying an additional 212,994 shares during the period. Karp Capital Management Corp acquired a new position in shares of Brixmor Property Group in the 1st quarter valued at about $243,000. Finally, TD Asset Management Inc. lifted its holdings in shares of Brixmor Property Group by 5.7% in the 1st quarter. TD Asset Management Inc. now owns 18,660 shares of the real estate investment trust’s stock valued at $400,000 after buying an additional 1,000 shares during the period.

In other news, Director John Schreiber acquired 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $374,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James M. Taylor, Jr. acquired 15,600 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $19.24 per share, with a total value of $300,144.00. Following the transaction, the insider now owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

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BRX has been the subject of several analyst reports. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, August 14th. Barclays PLC decreased their price objective on 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. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a report on Monday, June 19th. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Brixmor Property Group presently has an average rating of “Hold” and an average price target of $23.85.

Brixmor Property Group Inc. (NYSE BRX) opened at 18.80 on Friday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 19.26 and a beta of 0.54. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14. The company has a 50 day moving average price of $19.24 and a 200 day moving average price of $19.54.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $322.80 million during the quarter, compared to the consensus estimate 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 revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Analysts expect that Brixmor Property Group Inc. will post $0.86 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.53%. Brixmor Property Group’s payout ratio is currently 106.12%.

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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