Jefferies Group LLC bought a new position in shares of Brixmor Property Group Inc (NYSE:BRX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,513 shares of the real estate investment trust’s stock, valued at approximately $383,000.
Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Brixmor Property Group by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 17,222,816 shares of the real estate investment trust’s stock worth $325,682,000 after purchasing an additional 383,162 shares during the last quarter. Cbre Clarion Securities LLC boosted its holdings in Brixmor Property Group by 11.8% during the fourth quarter. Cbre Clarion Securities LLC now owns 7,880,121 shares of the real estate investment trust’s stock worth $147,043,000 after purchasing an additional 831,018 shares during the last quarter. Long Pond Capital LP purchased a new position in Brixmor Property Group during the fourth quarter worth about $85,380,000. Dimensional Fund Advisors LP boosted its holdings in Brixmor Property Group by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,477,991 shares of the real estate investment trust’s stock worth $84,187,000 after purchasing an additional 240,874 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in Brixmor Property Group during the fourth quarter worth about $80,749,000. 99.67% of the stock is owned by institutional investors.
In related news, EVP Mark Horgan bought 4,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $14.94 per share, for a total transaction of $67,230.00. Following the completion of the purchase, the executive vice president now directly owns 62,769 shares in the company, valued at $937,768.86. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James M. Taylor, Jr. bought 7,500 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was bought at an average price of $15.55 per share, for a total transaction of $116,625.00. Following the completion of the purchase, the chief executive officer now owns 216,884 shares of the company’s stock, valued at $3,372,546.20. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 12,750 shares of company stock worth $195,495. Corporate insiders own 0.27% of the company’s stock.
BRX stock opened at $14.68 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $4,546.18, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.38. Brixmor Property Group Inc has a 52 week low of $13.74 and a 52 week high of $22.02.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.27). The company had revenue of $320.06 million during the quarter, compared to analysts’ expectations of $312.97 million. Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. equities research analysts anticipate that Brixmor Property Group Inc will post 2 EPS for the current year.
Brixmor Property Group announced that its board has initiated a stock repurchase plan on Tuesday, December 5th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend is Wednesday, April 4th. Brixmor Property Group’s payout ratio is 112.24%.
Several research analysts recently weighed in on BRX shares. Boenning Scattergood cut shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a report on Thursday, December 14th. SunTrust Banks set a $18.00 price target on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Friday, March 2nd. Mitsubishi UFJ Financial Group upgraded shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating in a report on Wednesday, January 3rd. Citigroup upgraded shares of Brixmor Property Group to an “overweight” rating and boosted their price target for the stock from $19.00 to $21.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a “hold” rating and set a $19.00 price target on shares of Brixmor Property Group in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.40.
Brixmor Property Group Company 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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