Brixmor Property Group Inc. (NYSE:BRX) was down 1.3% during mid-day trading on Tuesday . The stock traded as low as $26.89 and last traded at $26.97, with a volume of 749,017 shares traded. The stock had previously closed at $27.32.

Several equities research analysts recently issued reports on BRX shares. Credit Suisse Group AG started coverage on shares of Brixmor Property Group in a research report on Wednesday, March 16th. They set a “neutral” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. raised shares of Brixmor Property Group from an “underweight” rating to a “neutral” rating and set a $26.00 target price for the company in a research note on Friday, June 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $26.00 target price on shares of Brixmor Property Group in a research note on Sunday, May 22nd. Finally, Mizuho assumed coverage on shares of Brixmor Property Group in a research note on Wednesday, April 13th. They set a “neutral” rating and a $23.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.78.

The firm has a market capitalization of $8.07 billion and a price-to-earnings ratio of 36.21. The company’s 50-day moving average is $25.95 and its 200-day moving average is $25.24.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $323.10 million for the quarter, compared to the consensus estimate of $320.70 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. On average, equities research analysts expect that Brixmor Property Group Inc. will post $2.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, July 6th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.98 dividend on an annualized basis and a yield of 3.59%.

In other Brixmor Property Group news, major shareholder Real Estate Holding Blackstone sold 20,000,000 shares of the business’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $26.01, for a total transaction of $520,200,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven F. Siegel sold 6,000 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $25.11, for a total transaction of $150,660.00. Following the sale, the executive vice president now directly owns 338,072 shares in the company, valued at approximately $8,488,987.92. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of BRX. Foresters Investment Management Company Inc. boosted its stake in shares of Brixmor Property Group by 4.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 1,741,625 shares of the real estate investment trust’s stock worth $44,969,000 after buying an additional 72,300 shares during the last quarter. Stephens Inc. AR boosted its position in Brixmor Property Group by 10.6% in the fourth quarter. Stephens Inc. AR now owns 100,301 shares of the real estate investment trust’s stock valued at $2,590,000 after buying an additional 9,622 shares during the last quarter. I.G. Investment Management LTD. boosted its position in Brixmor Property Group by 3.6% in the fourth quarter. I.G. Investment Management LTD. now owns 40,819 shares of the real estate investment trust’s stock valued at $1,054,000 after buying an additional 1,435 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Brixmor Property Group by 12.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 515,000 shares of the real estate investment trust’s stock valued at $13,297,000 after buying an additional 56,000 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in Brixmor Property Group by 48.9% in the fourth quarter. Advantus Capital Management Inc now owns 593,400 shares of the real estate investment trust’s stock valued at $15,322,000 after buying an additional 194,800 shares during the last quarter.

Brixmor Property Group Inc (BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

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