Skandinaviska Enskilda Banken AB publ Acquires 8,200 Shares of Brixmor Property Group Inc (BRX)
Skandinaviska Enskilda Banken AB publ raised its holdings in Brixmor Property Group Inc (NYSE:BRX) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,600 shares of the real estate investment trust’s stock after acquiring an additional 8,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Brixmor Property Group were worth $1,499,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Brixmor Property Group during the second quarter worth $124,000. Spirit of America Management Corp NY raised its holdings in shares of Brixmor Property Group by 143.5% during the third quarter. Spirit of America Management Corp NY now owns 7,975 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,700 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Brixmor Property Group during the second quarter worth $201,000. Signition LP acquired a new stake in shares of Brixmor Property Group during the second quarter worth $222,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Brixmor Property Group during the second quarter worth $258,000. 99.73% of the stock is currently owned by hedge funds and other institutional investors.
BRX has been the topic of a number of research analyst reports. SunTrust Banks restated a “buy” rating and set a $20.00 price objective on shares of Brixmor Property Group in a report on Wednesday, August 8th. Barclays reiterated a “hold” rating and issued a $16.00 price target on shares of Brixmor Property Group in a research note on Sunday, October 14th. Sandler O’Neill lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $16.50 price target on shares of Brixmor Property Group in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.69.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $306.48 million for the quarter, compared to analyst estimates of $301.87 million. Brixmor Property Group had a net margin of 28.54% and a return on equity of 12.47%. Brixmor Property Group’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Research analysts expect that Brixmor Property Group Inc will post 2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, January 4th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 7.25%. Brixmor Property Group’s payout ratio is currently 52.63%.
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Brixmor Property Group Company Profile
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 471 retail centers comprise approximately 80 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
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