Nissay Asset Management Corp Japan ADV increased its position in shares of Brixmor Property Group Inc (NYSE:BRX) by 8.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,237 shares of the real estate investment trust’s stock after buying an additional 1,876 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Brixmor Property Group were worth $464,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Zimmer Partners LP purchased a new stake in Brixmor Property Group during the 4th quarter worth about $63,288,000. American Century Companies Inc. lifted its stake in shares of Brixmor Property Group by 3,600.7% in the 4th quarter. American Century Companies Inc. now owns 4,026,684 shares of the real estate investment trust’s stock valued at $59,152,000 after purchasing an additional 3,917,876 shares in the last quarter. Norges Bank acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at about $44,190,000. Nuveen Asset Management LLC lifted its stake in shares of Brixmor Property Group by 116.0% in the 4th quarter. Nuveen Asset Management LLC now owns 3,065,652 shares of the real estate investment trust’s stock valued at $45,034,000 after purchasing an additional 1,646,091 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Brixmor Property Group by 1,951.7% in the 4th quarter. Citigroup Inc. now owns 1,523,616 shares of the real estate investment trust’s stock valued at $22,382,000 after purchasing an additional 1,449,355 shares in the last quarter. Hedge funds and other institutional investors own 98.23% of the company’s stock.
Several equities analysts recently commented on BRX shares. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a report on Wednesday, March 6th. Finally, Stifel Nicolaus lifted their price objective on Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and an average price target of $18.50.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.26). The firm had revenue of $291.10 million during the quarter, compared to analyst estimates of $290.85 million. Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. As a group, research analysts anticipate that Brixmor Property Group Inc will post 1.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brixmor Property Group’s payout ratio is 60.54%.
Brixmor Property Group Company Profile
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
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