Steinberg Global Asset Management Increases Holdings in Brixmor Property Group Inc (BRX)

Steinberg Global Asset Management boosted its position in Brixmor Property Group Inc (NYSE:BRX) by 26.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,525 shares of the real estate investment trust’s stock after purchasing an additional 36,444 shares during the period. Steinberg Global Asset Management owned about 0.06% of Brixmor Property Group worth $2,631,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Foster & Motley Inc. boosted its position in Brixmor Property Group by 4.9% in the fourth quarter. Foster & Motley Inc. now owns 230,045 shares of the real estate investment trust’s stock worth $3,379,000 after purchasing an additional 10,709 shares during the last quarter. Morgan Stanley boosted its position in Brixmor Property Group by 9.2% in the third quarter. Morgan Stanley now owns 10,528,243 shares of the real estate investment trust’s stock worth $184,349,000 after purchasing an additional 885,944 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Brixmor Property Group by 27.2% in the third quarter. Advisors Asset Management Inc. now owns 33,972 shares of the real estate investment trust’s stock worth $595,000 after purchasing an additional 7,271 shares during the last quarter. Van ECK Associates Corp boosted its position in Brixmor Property Group by 8.7% in the fourth quarter. Van ECK Associates Corp now owns 69,070 shares of the real estate investment trust’s stock worth $1,015,000 after purchasing an additional 5,555 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Brixmor Property Group in the third quarter worth about $364,000. 98.62% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research report on Monday, February 11th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Barclays reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. cut Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Brixmor Property Group presently has an average rating of “Hold” and a consensus price target of $18.39.

Shares of BRX stock traded down $0.18 during trading hours on Monday, reaching $18.10. 2,000,757 shares of the company traded hands, compared to its average volume of 4,081,284. Brixmor Property Group Inc has a 12-month low of $13.84 and a 12-month high of $18.71. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.72. The stock has a market cap of $5.45 billion, a P/E ratio of 9.78, a PEG ratio of 2.28 and a beta of 0.77.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17). Brixmor Property Group had a net margin of 29.67% and a return on equity of 12.82%. The company had revenue of $297.66 million for the quarter, compared to analysts’ expectations of $302.22 million. On average, equities research analysts expect that Brixmor Property Group Inc will post 1.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, April 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend is Thursday, April 4th. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.

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Brixmor Property Group 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 425 retail centers comprise approximately 74 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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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