Manning & Napier Advisors LLC cut its stake in Brixmor Property Group Inc. (NYSE:BRX) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,985 shares of the real estate investment trust’s stock after selling 3,895 shares during the period. Manning & Napier Advisors LLC’s holdings in Brixmor Property Group were worth $2,502,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its stake in 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 during the period. Dalton Greiner Hartman Maher & Co. bought a new stake in Brixmor Property Group during the first quarter valued at approximately $318,000. State of Alaska Department of Revenue raised its stake in Brixmor Property Group by 30.0% in the first quarter. State of Alaska Department of Revenue now owns 148,260 shares of the real estate investment trust’s stock valued at $3,180,000 after buying an additional 34,210 shares during the period. Duff & Phelps Investment Management Co. raised its stake in Brixmor Property Group by 7.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 2,500,788 shares of the real estate investment trust’s stock valued at $53,667,000 after buying an additional 176,035 shares during the period. Finally, DnB Asset Management AS raised its stake 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 during the period.
Shares of Brixmor Property Group Inc. (NYSE BRX) traded down 0.51% on Friday, hitting $19.53. 2,361,904 shares of the company were exchanged. The firm’s 50-day moving average is $18.82 and its 200-day moving average is $20.48. The stock has a market capitalization of $5.96 billion, a PE ratio of 20.01 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 issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping 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 business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Equities research analysts predict that Brixmor Property Group Inc. will post $0.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be paid 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 5.33%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.
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Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Boenning Scattergood reiterated a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Citigroup Inc. increased their price target on Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Finally, Barclays PLC cut their price target on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company 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 assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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