Huntington National Bank bought a new stake in Brixmor Property Group Inc (NYSE:BRX) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,267 shares of the real estate investment trust’s stock, valued at approximately $26,000.
A number of other institutional investors have also recently bought and sold shares of BRX. Vanguard Group Inc. lifted its position in shares of Brixmor Property Group by 2.1% in the second quarter. Vanguard Group Inc. now owns 46,077,508 shares of the real estate investment trust’s stock valued at $823,865,000 after acquiring an additional 934,580 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Brixmor Property Group by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 10,802,990 shares of the real estate investment trust’s stock worth $193,158,000 after buying an additional 116,348 shares during the period. Northern Trust Corp lifted its position in Brixmor Property Group by 1.5% during the second quarter. Northern Trust Corp now owns 4,487,064 shares of the real estate investment trust’s stock worth $80,228,000 after buying an additional 67,306 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Brixmor Property Group by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,937,294 shares of the real estate investment trust’s stock worth $70,399,000 after buying an additional 114,324 shares during the period. Finally, LSV Asset Management lifted its position in Brixmor Property Group by 8.6% during the second quarter. LSV Asset Management now owns 3,202,569 shares of the real estate investment trust’s stock worth $57,261,000 after buying an additional 254,300 shares during the period. 99.94% of the stock is currently owned by institutional investors.
Shares of BRX stock traded up $0.02 during trading hours on Tuesday, reaching $21.68. The company had a trading volume of 65,967 shares, compared to its average volume of 2,862,806. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.50 and a current ratio of 0.50. Brixmor Property Group Inc has a twelve month low of $14.11 and a twelve month high of $22.50. The company has a market capitalization of $6.45 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.73. The stock’s fifty day simple moving average is $20.82 and its 200 day simple moving average is $18.95.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 5.26%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. Brixmor Property Group’s dividend payout ratio (DPR) is 60.54%.
In related news, Director James M. Taylor, Jr. bought 7,500 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $18.50 per share, for a total transaction of $138,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, October 29th. Deutsche Bank downgraded Brixmor Property Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $19.00 in a report on Thursday, September 5th. They noted that the move was a valuation call. ValuEngine upgraded Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Sandler O’Neill upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $21.00 in a report on Tuesday, September 3rd. Finally, Compass Point started coverage on Brixmor Property Group in a report on Thursday, August 15th. They issued a “neutral” rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Brixmor Property Group presently has a consensus rating of “Hold” and a consensus target price of $20.35.
Brixmor Property Group 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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