First Manhattan Co. Acquires 104,550 Shares of Brixmor Property Group Inc (NYSE:BRX)

First Manhattan Co. raised its holdings in shares of Brixmor Property Group Inc (NYSE:BRX) by 5.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,056,705 shares of the real estate investment trust’s stock after purchasing an additional 104,550 shares during the period. First Manhattan Co. owned 0.69% of Brixmor Property Group worth $37,781,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors L.P. boosted its stake in Brixmor Property Group by 1.8% in the 4th quarter. Natixis Advisors L.P. now owns 40,087 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 722 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Brixmor Property Group by 2.6% in the 4th quarter. Advisors Asset Management Inc. now owns 34,845 shares of the real estate investment trust’s stock worth $512,000 after purchasing an additional 873 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Brixmor Property Group by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 132,198 shares of the real estate investment trust’s stock worth $2,427,000 after purchasing an additional 1,180 shares in the last quarter. Utah Retirement Systems boosted its stake in Brixmor Property Group by 1.3% in the 4th quarter. Utah Retirement Systems now owns 92,345 shares of the real estate investment trust’s stock worth $1,357,000 after purchasing an additional 1,200 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Brixmor Property Group by 2.9% in the 4th quarter. LPL Financial LLC now owns 44,127 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 1,243 shares in the last quarter. 98.90% of the stock is currently owned by institutional investors and hedge funds.

BRX has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research note on Wednesday, March 6th. ValuEngine upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, BMO Capital Markets restated a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research note on Monday, February 11th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.39.

NYSE:BRX opened at $18.20 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.52 and a debt-to-equity ratio of 1.74. The company has a market cap of $5.42 billion, a PE ratio of 9.84, a PEG ratio of 2.28 and a beta of 0.75. Brixmor Property Group Inc has a 1-year low of $13.96 and a 1-year high of $18.71.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.26). The firm had revenue of $291.10 million for the quarter, compared to analysts’ expectations of $290.85 million. Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. Brixmor Property Group’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. Analysts expect that Brixmor Property Group Inc will post 1.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.15%. The ex-dividend date is Wednesday, July 3rd. Brixmor Property Group’s payout ratio is presently 60.54%.

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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 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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