Swiss National Bank Increases Position in Brixmor Property Group Inc. (BRX)

Swiss National Bank increased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,109,050 shares of the real estate investment trust’s stock after acquiring an additional 30,800 shares during the period. Swiss National Bank owned about 0.36% of Brixmor Property Group worth $19,830,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Thomas White International Ltd. grew its position in Brixmor Property Group by 47.5% in the second quarter. Thomas White International Ltd. now owns 36,000 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 11,600 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in shares of Brixmor Property Group by 4.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 9,125,790 shares of the real estate investment trust’s stock worth $163,169,000 after purchasing an additional 393,226 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Brixmor Property Group by 8.4% during the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 554 shares during the period. Utah Retirement Systems boosted its holdings in shares of Brixmor Property Group by 52.9% during the second quarter. Utah Retirement Systems now owns 70,345 shares of the real estate investment trust’s stock worth $1,257,000 after purchasing an additional 24,345 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Brixmor Property Group by 25.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,980 shares of the real estate investment trust’s stock worth $1,788,000 after purchasing an additional 20,081 shares during the period.

Shares of Brixmor Property Group Inc. (BRX) opened at 19.13 on Monday. Brixmor Property Group Inc. has a one year low of $17.35 and a one year high of $29.14. The company has a 50-day moving average of $19.24 and a 200 day moving average of $19.79. The stock has a market cap of $5.83 billion, a PE ratio of 19.60 and a beta of 0.54.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The business had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. During the same quarter in the prior year, the business posted $0.50 EPS. Brixmor Property Group’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts predict that Brixmor Property Group Inc. will post $0.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.44%. Brixmor Property Group’s payout ratio is 106.12%.

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In other Brixmor Property Group news, Director John Schreiber acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $18.72 per share, with a total value of $187,200.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James M. Taylor, Jr. acquired 15,600 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the acquisition, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

A number of analysts have recently weighed in on BRX shares. Barclays PLC dropped their target price on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 16th. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research note on Monday, June 19th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. BidaskClub raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.56.

Brixmor Property Group Profile

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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