Quantitative Systematic Strategies LLC lowered its stake in shares of Brixmor Property Group Inc (NYSE:BRX) by 53.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,389 shares of the real estate investment trust’s stock after selling 17,834 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Brixmor Property Group were worth $287,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. LSV Asset Management boosted its stake in shares of Brixmor Property Group by 36.4% during the 4th quarter. LSV Asset Management now owns 912,100 shares of the real estate investment trust’s stock valued at $17,019,000 after buying an additional 243,403 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Brixmor Property Group by 1.8% in the 4th quarter. Copeland Capital Management LLC now owns 213,187 shares of the real estate investment trust’s stock valued at $3,978,000 after purchasing an additional 3,861 shares during the last quarter. Real Estate Management Services LLC lifted its stake in shares of Brixmor Property Group by 4.0% in the 4th quarter. Real Estate Management Services LLC now owns 944,800 shares of the real estate investment trust’s stock valued at $17,630,000 after purchasing an additional 36,400 shares during the last quarter. Coronation Fund Managers Ltd. lifted its stake in shares of Brixmor Property Group by 3.2% in the 4th quarter. Coronation Fund Managers Ltd. now owns 823,959 shares of the real estate investment trust’s stock valued at $15,375,000 after purchasing an additional 25,853 shares during the last quarter. Finally, Presima Inc. lifted its stake in shares of Brixmor Property Group by 37.3% in the 4th quarter. Presima Inc. now owns 1,807,300 shares of the real estate investment trust’s stock valued at $33,724,000 after purchasing an additional 490,800 shares during the last quarter. 98.83% of the stock is owned by institutional investors.

Several research firms recently issued reports on BRX. Mizuho reaffirmed a “buy” rating and issued a $19.50 price objective on shares of Brixmor Property Group in a research note on Friday, November 10th. Boenning Scattergood reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, December 7th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Mitsubishi UFJ Financial Group raised shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.75.

Brixmor Property Group Inc (NYSE BRX) opened at $14.32 on Friday. The firm has a market cap of $4,571.01, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.86 and a beta of 0.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group Inc has a 52-week low of $14.32 and a 52-week high of $24.64.

Brixmor Property Group declared that its board has authorized a share buyback program on Tuesday, December 5th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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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.

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

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