UBS Asset Management Americas Inc. increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,008 shares of the real estate investment trust’s stock after buying an additional 11,385 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.20% of Brixmor Property Group worth $16,114,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its stake in shares of Brixmor Property Group by 70.0% in the second quarter. Daiwa Securities Group Inc. now owns 16,294,629 shares of the real estate investment trust’s stock worth $431,156,000 after buying an additional 6,707,889 shares in the last quarter. Lasalle Investment Management Securities LLC increased its stake in shares of Brixmor Property Group by 9.1% in the second quarter. Lasalle Investment Management Securities LLC now owns 6,227,396 shares of the real estate investment trust’s stock worth $164,777,000 after buying an additional 517,585 shares in the last quarter. State Street Corp increased its stake in shares of Brixmor Property Group by 2.7% in the first quarter. State Street Corp now owns 5,851,431 shares of the real estate investment trust’s stock worth $149,916,000 after buying an additional 153,080 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Brixmor Property Group by 9.7% in the first quarter. BlackRock Fund Advisors now owns 3,653,562 shares of the real estate investment trust’s stock worth $93,604,000 after buying an additional 321,837 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Brixmor Property Group by 11.0% in the first quarter. Renaissance Technologies LLC now owns 2,452,000 shares of the real estate investment trust’s stock worth $62,820,000 after buying an additional 242,200 shares in the last quarter.

Shares of Brixmor Property Group Inc. (NYSE:BRX) traded up 1.54% on Thursday, reaching $28.31. The company had a trading volume of 939,059 shares. Brixmor Property Group Inc. has a one year low of $19.91 and a one year high of $28.98. The company’s 50-day moving average is $27.99 and its 200-day moving average is $26.35. The company has a market capitalization of $8.52 billion, a PE ratio of 36.29 and a beta of 0.54.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Brixmor Property Group had a net margin of 18.41% and a return on equity of 8.03%. The business had revenue of $295.43 million for the quarter, compared to analysts’ expectations of $315.21 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts predict that Brixmor Property Group Inc. will post $2.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.245 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.98 dividend on an annualized basis and a yield of 3.52%. Brixmor Property Group’s payout ratio is 127.27%.

A number of brokerages have weighed in on BRX. Deutsche Bank AG reaffirmed a “hold” rating and issued a $27.00 target price (up previously from $26.00) on shares of Brixmor Property Group in a report on Monday, July 18th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Brixmor Property Group in a report on Tuesday, September 6th. Citigroup Inc. raised Brixmor Property Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $28.00 to $31.00 in a report on Friday, August 12th. JPMorgan Chase & Co. raised Brixmor Property Group from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a report on Friday, June 3rd. Finally, Stifel Nicolaus raised Brixmor Property Group from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Monday, August 15th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.36.

In other news, major shareholder Brx Holdco Llc sold 42,400,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $27.30, for a total value of $1,157,520,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven F. Siegel sold 6,000 shares of the company’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $26.34, for a total transaction of $158,040.00. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Brixmor Property Group Company Profile

Brixmor Property Group Inc and subsidiaries (collectively 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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