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

A number of research firms recently issued reports on BRX. JPMorgan Chase & Co. upgraded Brixmor Property Group from an “underweight” rating to a “neutral” rating and set a $26.00 price objective for the company in a research report on Friday, June 3rd. Deutsche Bank AG restated a “hold” rating and set a $26.00 price objective on shares of Brixmor Property Group in a research report on Sunday, May 22nd. Mizuho began coverage on Brixmor Property Group in a research report on Wednesday, April 13th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Credit Suisse Group AG began coverage on 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.78.

The stock has a market capitalization of $8.07 billion and a price-to-earnings ratio of 36.195. The firm’s 50 day moving average is $26.08 and its 200 day moving average is $25.27.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm earned $323.10 million during the quarter, compared to analyst estimates of $320.70 million. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. Equities research analysts forecast that Brixmor Property Group Inc. will post $2.07 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, July 6th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.98 annualized dividend and a yield of 3.62%.

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

A number of institutional investors have recently bought and sold shares of the stock. Foresters Investment Management Company Inc. boosted its position in 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 valued at $44,969,000 after buying an additional 72,300 shares during the period. Stephens Inc. AR boosted its position in shares of 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 worth $2,590,000 after buying an additional 9,622 shares during the last quarter. I.G. Investment Management LTD. boosted its position in shares of 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 worth $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 shares of 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 worth $13,297,000 after buying an additional 56,000 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in shares of 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 worth $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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