UBS Group AG Acquires 29,848 Shares of Brixmor Property Group Inc. (NYSE:BRX)

UBS Group AG raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 41.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,706 shares of the real estate investment trust’s stock after buying an additional 29,848 shares during the period. UBS Group AG’s holdings in Brixmor Property Group were worth $2,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BRX. Mckinley Capital Management LLC Delaware acquired a new position in Brixmor Property Group during the first quarter worth approximately $131,000. Pacer Advisors Inc. raised its position in Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 209 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 341 shares in the last quarter. Laurion Capital Management LP acquired a new position in Brixmor Property Group during the first quarter worth approximately $204,000. Finally, Koch Industries Inc. acquired a new position in Brixmor Property Group during the first quarter worth approximately $223,000.

Shares of Brixmor Property Group Inc. (BRX) opened at 17.89 on Monday. The firm has a market capitalization of $5.45 billion, a P/E ratio of 19.03 and a beta of 0.50. Brixmor Property Group Inc. has a 1-year low of $17.35 and a 1-year high of $29.14. The stock has a 50 day moving average of $18.46 and a 200-day moving average of $21.63.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Brixmor Property Group had a return on equity of 9.85% and a net margin of 22.43%. The company had revenue of $325.80 million during the quarter, compared to analyst estimates of $317.02 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Brixmor Property Group’s revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Brixmor Property Group Inc. will post $0.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Monday, July 3rd. Brixmor Property Group’s payout ratio is 110.64%.

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A number of brokerages have issued reports on BRX. BidaskClub upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank of Canada reiterated a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a research note on Monday, June 19th. Barclays PLC reduced their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, June 16th. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Brixmor Property Group currently has an average rating of “Hold” and a consensus target price of $26.40.

In other Brixmor Property Group news, Director John Schreiber acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $18.85 per share, with a total value of $188,500.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $188,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Horgan acquired 2,700 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were acquired at an average cost of $18.75 per share, with a total value of $50,625.00. Following the acquisition, the executive vice president now directly owns 53,703 shares of the company’s stock, valued at approximately $1,006,931.25. The disclosure for this purchase can be found here. Insiders have bought 33,000 shares of company stock valued at $616,856 in the last three months. 0.27% of the stock is owned by insiders.

About Brixmor Property Group

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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