British Columbia Investment Management Corp raised its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 20.7% during the third quarter, Holdings Channel reports. The firm owned 268,852 shares of the real estate investment trust’s stock after buying an additional 46,055 shares during the period. British Columbia Investment Management Corp’s holdings in Brixmor Property Group were worth $7,471,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Cohen & Steers Inc. raised its stake in Brixmor Property Group by 31.0% in the second quarter. Cohen & Steers Inc. now owns 37,044,411 shares of the real estate investment trust’s stock worth $980,195,000 after buying an additional 8,757,021 shares in the last quarter. Vanguard Group Inc. raised its stake in Brixmor Property Group by 17.5% in the second quarter. Vanguard Group Inc. now owns 32,305,634 shares of the real estate investment trust’s stock worth $854,807,000 after buying an additional 4,801,720 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in 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. FMR LLC raised its stake in Brixmor Property Group by 123.4% in the second quarter. FMR LLC now owns 12,076,636 shares of the real estate investment trust’s stock worth $319,548,000 after buying an additional 6,670,186 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Brixmor Property Group by 15.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,761,178 shares of the real estate investment trust’s stock worth $205,361,000 after buying an additional 1,016,614 shares in the last quarter.

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

Brixmor Property Group Inc. (NYSE:BRX) traded down 1.72% on Wednesday, hitting $24.64. 1,445,606 shares of the company’s stock were exchanged. The stock has a market cap of $7.50 billion, a P/E ratio of 31.11 and a beta of 0.61. The firm has a 50 day moving average price of $25.13 and a 200-day moving average price of $26.55. Brixmor Property Group Inc. has a 52-week low of $19.91 and a 52-week high of $29.14.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $0.51 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Brixmor Property Group had a return on equity of 8.19% and a net margin of 18.62%. The business had revenue of $318.58 million for the quarter, compared to analyst estimates of $312.70 million. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts predict that Brixmor Property Group Inc. will post $2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Thursday, January 5th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Tuesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.25. Brixmor Property Group’s dividend payout ratio is 125.64%.

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A number of equities research analysts have recently commented on BRX shares. Evercore ISI raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Monday, August 22nd. Deutsche Bank AG raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $27.00 to $30.00 in a research note on Wednesday, August 17th. Stifel Nicolaus raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, August 15th. They noted that the move was a valuation call. Citigroup Inc. raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $28.00 to $31.00 in a research note on Friday, August 12th. Finally, Zacks Investment Research raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.36.

In other Brixmor Property Group news, insider James M. Taylor, Jr. purchased 10,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were acquired at an average price of $23.82 per share, with a total value of $238,200.00. Following the purchase, the insider now directly owns 213,590 shares in the company, valued at approximately $5,087,713.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven F. Siegel sold 6,000 shares of the company’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $27.98, for a total value of $167,880.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:BRX

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