State of Wisconsin Investment Board reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 260,131 shares of the real estate investment trust’s stock after selling 19,878 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.09% of Brixmor Property Group worth $4,890,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BRX. BlackRock Inc. boosted its holdings in shares of Brixmor Property Group by 35.0% during the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock worth $519,713,000 after purchasing an additional 7,543,528 shares during the period. First Manhattan Co. raised its position in Brixmor Property Group by 399.3% during the second quarter. First Manhattan Co. now owns 1,537,970 shares of the real estate investment trust’s stock valued at $27,498,000 after acquiring an additional 1,229,970 shares in the last quarter. State Street Corp raised its position in Brixmor Property Group by 12.0% during the second quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after acquiring an additional 1,159,181 shares in the last quarter. Brookfield Asset Management Inc. raised its position in Brixmor Property Group by 15.9% during the second quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after acquiring an additional 908,572 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in Brixmor Property Group by 118.5% during the second quarter. Macquarie Group Ltd. now owns 1,630,279 shares of the real estate investment trust’s stock valued at $29,150,000 after acquiring an additional 884,018 shares in the last quarter.

BRX has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Citigroup Inc. raised their price objective on shares of Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $22.00 price objective on shares of Brixmor Property Group in a research report on Monday, August 14th. Two 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. The company presently has a consensus rating of “Hold” and a consensus price target of $23.11.

In other Brixmor Property Group news, Director John Schreiber purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark Horgan purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were 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 directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Shares of Brixmor Property Group Inc. (NYSE:BRX) opened at $18.56 on Tuesday. The stock has a market cap of $5,677.93, a price-to-earnings ratio of 8.82, a PEG ratio of 1.80 and a beta of 0.51. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. Brixmor Property Group Inc. has a 52 week low of $17.23 and a 52 week high of $25.34.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million during the quarter, compared to analyst estimates of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. research analysts expect that Brixmor Property Group Inc. will post 2.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be paid a $0.275 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.10 annualized dividend and a dividend yield of 5.93%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 98.11%.

WARNING: “State of Wisconsin Investment Board Decreases Position in Brixmor Property Group Inc. (BRX)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/state-of-wisconsin-investment-board-decreases-position-in-brixmor-property-group-inc-brx/1717364.html.

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.

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX).

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.