Brixmor Property Group Inc (NYSE:BRX) Shares Sold by Boston Partners

Boston Partners decreased its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 46.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,169 shares of the real estate investment trust’s stock after selling 68,957 shares during the quarter. Boston Partners’ holdings in Brixmor Property Group were worth $1,627,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Brixmor Property Group by 1.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 55,210 shares of the real estate investment trust’s stock worth $987,000 after buying an additional 550 shares during the period. Private Advisor Group LLC raised its position in shares of Brixmor Property Group by 2.8% in the 2nd quarter. Private Advisor Group LLC now owns 23,469 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 643 shares during the period. Profund Advisors LLC raised its position in shares of Brixmor Property Group by 2.0% in the 2nd quarter. Profund Advisors LLC now owns 44,044 shares of the real estate investment trust’s stock worth $788,000 after buying an additional 849 shares during the period. Zeke Capital Advisors LLC raised its position in shares of Brixmor Property Group by 1.0% in the 2nd quarter. Zeke Capital Advisors LLC now owns 85,833 shares of the real estate investment trust’s stock worth $1,535,000 after buying an additional 883 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position in shares of Brixmor Property Group by 0.4% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 325,920 shares of the real estate investment trust’s stock worth $5,827,000 after buying an additional 1,168 shares during the period. Institutional investors and hedge funds own 99.20% of the company’s stock.

In other Brixmor Property Group news, insider Steven F. Siegel sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $22.01, for a total value of $165,075.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian T. Finnegan sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $22.24, for a total value of $66,720.00. Following the completion of the transaction, the insider now directly owns 224,646 shares in the company, valued at $4,996,127.04. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Several research analysts recently weighed in on BRX shares. Barclays reaffirmed a “hold” rating and issued a $21.00 target price on shares of Brixmor Property Group in a research report on Sunday, October 13th. Deutsche Bank lowered Brixmor Property Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.00 to $19.00 in a research report on Thursday, September 5th. They noted that the move was a valuation call. Zacks Investment Research raised 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. ValuEngine raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, KeyCorp increased their target price on Brixmor Property Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.28.

NYSE:BRX opened at $21.40 on Tuesday. The business’s 50-day moving average is $21.59 and its two-hundred day moving average is $19.37. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.50 and a quick ratio of 0.50. Brixmor Property Group Inc has a 12 month low of $14.11 and a 12 month high of $22.74. The firm has a market capitalization of $6.47 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.44 and a beta of 0.73.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). Brixmor Property Group had a net margin of 24.75% and a return on equity of 10.41%. The company had revenue of $292.97 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same period last year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts anticipate that Brixmor Property Group Inc will post 1.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be given a $0.285 dividend. The ex-dividend date is Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 5.33%. Brixmor Property Group’s dividend payout ratio (DPR) is 60.54%.

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

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