Investec Asset Management LTD reduced its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,179 shares of the real estate investment trust’s stock after selling 8,632 shares during the period. Investec Asset Management LTD’s holdings in Brixmor Property Group were worth $1,022,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BRX. Canada Pension Plan Investment Board increased its stake in Brixmor Property Group by 136.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 49,700 shares of the real estate investment trust’s stock worth $1,067,000 after buying an additional 28,700 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Brixmor Property Group by 16.8% in the first quarter. Advisors Asset Management Inc. now owns 13,120 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 1,886 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Brixmor Property Group by 152.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 20,348 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 12,282 shares in the last quarter. Comerica Bank grew its position in shares of Brixmor Property Group by 15.1% in the first quarter. Comerica Bank now owns 23,593 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 3,090 shares in the last quarter. Finally, World Asset Management Inc grew its position in shares of Brixmor Property Group by 2.0% in the first quarter. World Asset Management Inc now owns 12,995 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 256 shares in the last quarter.

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price target on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Barclays PLC dropped their price target on Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Finally, KeyCorp restated a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and an average target price of $23.85.

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

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 annualized dividend and a yield of 5.57%. Brixmor Property Group’s payout ratio is currently 106.12%.

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

Brixmor Property Group 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.

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

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