Brixmor Property Group Inc. (BRX) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 39.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,381,512 shares of the real estate investment trust’s stock after buying an additional 392,769 shares during the period. Principal Financial Group Inc. owned 0.45% of Brixmor Property Group worth $25,973,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its stake in shares of Brixmor Property Group by 15.5% in the third quarter. Prudential Financial Inc. now owns 1,256,969 shares of the real estate investment trust’s stock worth $23,632,000 after purchasing an additional 168,592 shares during the last quarter. United Asset Strategies Inc. bought a new position in shares of Brixmor Property Group in the third quarter worth about $322,000. American Century Companies Inc. boosted its stake in shares of Brixmor Property Group by 42.6% in the third quarter. American Century Companies Inc. now owns 85,199 shares of the real estate investment trust’s stock worth $1,602,000 after acquiring an additional 25,433 shares during the period. Stevens Capital Management LP bought a new position in shares of Brixmor Property Group in the third quarter worth about $3,035,000. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Brixmor Property Group by 47.8% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 22,300 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 7,214 shares during the last quarter.
In other news, Director John Schreiber bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $374,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the transaction, the executive vice president now owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.
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Brixmor Property Group Inc. (BRX) opened at $18.56 on Tuesday. The company has a market capitalization of $5,677.93, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.80 and a beta of 0.51. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group Inc. has a twelve month low of $17.23 and a twelve month high of $25.34.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The company had revenue of $314.50 million during the quarter, compared to analyst estimates of $317.31 million. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue was down 1.3% on a year-over-year basis. equities analysts expect that Brixmor Property Group Inc. will post 2.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 5.93%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio (DPR) is presently 98.11%.
BRX has been the topic of several recent analyst reports. Barclays PLC reiterated a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a report on Monday, August 14th. Mizuho reaffirmed a “buy” rating and set a $19.50 target price on shares of Brixmor Property Group in a research report on Friday, November 10th. Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Boenning Scattergood set a $22.00 price objective on Brixmor Property Group and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets started coverage on Brixmor Property Group in a research report on Monday, September 11th. They issued a “market perform” rating and a $20.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.11.
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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