Sei Investments Co. decreased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 25.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 479,739 shares of the real estate investment trust’s stock after selling 162,216 shares during the period. Sei Investments Co.’s holdings in Brixmor Property Group were worth $8,578,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Brixmor Property Group during the first quarter valued at approximately $131,000. Pacer Advisors Inc. increased its stake in shares of Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 209 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 341 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 1,420 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Brixmor Property Group by 58.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,538 shares during the last quarter.

Shares of Brixmor Property Group Inc. (NYSE BRX) opened at 19.53 on Friday. The firm has a 50-day moving average of $18.82 and a 200 day moving average of $20.48. The firm has a market cap of $5.96 billion, a PE ratio of 20.01 and a beta of 0.53. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $322.80 million during the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. Equities research analysts predict that Brixmor Property Group Inc. will post $0.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.33%. Brixmor Property Group’s dividend payout ratio is presently 106.12%.

ILLEGAL ACTIVITY WARNING: “Brixmor Property Group Inc. (BRX) Shares Sold by Sei Investments Co.” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/13/brixmor-property-group-inc-brx-shares-sold-by-sei-investments-co.html.

Several analysts recently commented on the stock. Citigroup Inc. lifted their target price on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 target price on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Barclays PLC reduced their target price on shares of Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.25.

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.

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX).

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

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.