Schwab Charles Investment Management Inc. Raises Stake in Brixmor Property Group Inc (BRX)

Schwab Charles Investment Management Inc. boosted its holdings in Brixmor Property Group Inc (NYSE:BRX) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,988,092 shares of the real estate investment trust’s stock after acquiring an additional 183,692 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Brixmor Property Group were worth $55,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BRX. Profund Advisors LLC lifted its position in Brixmor Property Group by 26.2% in the 2nd quarter. Profund Advisors LLC now owns 12,966 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 2,688 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 5,203 shares in the last quarter. California Public Employees Retirement System lifted its position in Brixmor Property Group by 4.2% in the 2nd quarter. California Public Employees Retirement System now owns 464,100 shares of the real estate investment trust’s stock valued at $8,298,000 after acquiring an additional 18,800 shares in the last quarter. M&T Bank Corp lifted its position in Brixmor Property Group by 1.8% in the 2nd quarter. M&T Bank Corp now owns 17,587 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 316 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Brixmor Property Group by 101.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 505,299 shares of the real estate investment trust’s stock valued at $9,035,000 after acquiring an additional 254,931 shares in the last quarter. 98.83% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Inc (NYSE BRX) opened at $15.13 on Tuesday. Brixmor Property Group Inc has a 1 year low of $15.03 and a 1 year high of $24.64. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $4,610.00, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.94 and a beta of 0.35.

Brixmor Property Group declared that its board has approved a stock buyback program on Tuesday, December 5th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

BRX has been the topic of several recent research reports. Boenning Scattergood reaffirmed a “buy” rating and issued a $22.00 price target on shares of Brixmor Property Group in a research report on Thursday, December 7th. Mizuho reaffirmed a “buy” rating and issued a $19.50 price target on shares of Brixmor Property Group in a research report on Friday, November 10th. SunTrust Banks set a $19.00 price target on shares of Brixmor Property Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Barclays dropped their price target on shares of Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.75.

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

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