Aberdeen Asset Management PLC UK purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,489 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BRX. BlackRock Inc. grew its stake in shares of Brixmor Property Group by 2,015.3% in the 1st quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock valued at $461,888,000 after buying an additional 20,505,706 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Brixmor Property Group by 50.6% in the 1st quarter. Nuveen Asset Management LLC now owns 4,610,796 shares of the real estate investment trust’s stock valued at $98,948,000 after buying an additional 1,549,548 shares in the last quarter. First Manhattan Co. grew its stake in shares of Brixmor Property Group by 399.3% in the 2nd quarter. First Manhattan Co. now owns 1,537,970 shares of the real estate investment trust’s stock valued at $27,498,000 after buying an additional 1,229,970 shares in the last quarter. Morgan Stanley grew its stake in shares of Brixmor Property Group by 42.9% in the 1st quarter. Morgan Stanley now owns 3,625,868 shares of the real estate investment trust’s stock valued at $77,811,000 after buying an additional 1,089,278 shares in the last quarter. Finally, First Quadrant L P CA grew its stake in shares of Brixmor Property Group by 142.0% in the 2nd quarter. First Quadrant L P CA now owns 1,367,926 shares of the real estate investment trust’s stock valued at $24,459,000 after buying an additional 802,739 shares in the last quarter.

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BRX has been the subject of several recent research reports. BidaskClub raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research note on Monday, June 19th. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reissued a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a research note on Monday, August 14th. Finally, BMO Capital Markets initiated coverage on Brixmor Property Group in a research note on Monday, September 11th. They issued a “market perform” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.85.

Shares of Brixmor Property Group Inc. (NYSE BRX) opened at 18.66 on Friday. The company has a market cap of $5.69 billion, a PE ratio of 19.12 and a beta of 0.54. Brixmor Property Group Inc. has a 12 month low of $17.35 and a 12 month high of $29.14. The firm’s 50-day moving average price is $19.24 and its 200-day moving average price is $19.54.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities analysts predict that Brixmor Property Group Inc. will post $0.86 EPS for the current fiscal year.

The business also recently declared 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. This represents a $1.04 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is 106.12%.

In related news, Director John Schreiber purchased 10,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average price of $18.72 per share, with a total value of $187,200.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James M. Taylor, Jr. purchased 15,600 shares of the stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the transaction, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

About Brixmor Property Group

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.

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

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