Asset Management One Co. Ltd. Boosts Stake in Brixmor Property Group Inc. $BRX

Asset Management One Co. Ltd. lifted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,661 shares of the real estate investment trust’s stock after purchasing an additional 14,967 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Brixmor Property Group worth $11,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BRX. Smartleaf Asset Management LLC increased its stake in Brixmor Property Group by 53.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 498 shares in the last quarter. Brooklyn Investment Group increased its stake in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 953 shares in the last quarter. SVB Wealth LLC purchased a new stake in Brixmor Property Group in the 1st quarter worth $44,000. Avalon Trust Co purchased a new stake in Brixmor Property Group in the 1st quarter worth $59,000. Finally, Parallel Advisors LLC increased its stake in Brixmor Property Group by 40.2% in the 2nd quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 655 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Up 0.8%

Shares of NYSE:BRX opened at $28.19 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The company has a 50-day moving average price of $27.50 and a 200 day moving average price of $26.29. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.66 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. During the same quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the transaction, the insider owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BRX shares. Scotiabank increased their price target on Brixmor Property Group from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 15th. Evercore ISI increased their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday. LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.