Steinberg Global Asset Management grew its stake in shares of Brixmor Property Group Inc (NYSE:BRX) by 26.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,525 shares of the real estate investment trust’s stock after buying an additional 36,444 shares during the period. Steinberg Global Asset Management owned 0.06% of Brixmor Property Group worth $2,631,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zimmer Partners LP purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $63,288,000. American Century Companies Inc. lifted its stake in Brixmor Property Group by 3,600.7% in the fourth quarter. American Century Companies Inc. now owns 4,026,684 shares of the real estate investment trust’s stock worth $59,152,000 after acquiring an additional 3,917,876 shares during the period. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter valued at $44,190,000. Cohen & Steers Inc. lifted its position in Brixmor Property Group by 14.5% during the third quarter. Cohen & Steers Inc. now owns 18,397,281 shares of the real estate investment trust’s stock valued at $322,136,000 after buying an additional 2,326,047 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in Brixmor Property Group by 116.0% during the fourth quarter. Nuveen Asset Management LLC now owns 3,065,652 shares of the real estate investment trust’s stock valued at $45,034,000 after buying an additional 1,646,091 shares during the period. Hedge funds and other institutional investors own 98.68% of the company’s stock.
Several equities analysts have commented on the company. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Stifel Nicolaus raised their price target on Brixmor Property Group from $17.50 to $18.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Barclays reiterated a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a report on Wednesday, March 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a research report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.39.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.26). Brixmor Property Group had a return on equity of 12.96% and a net margin of 30.47%. The firm had revenue of $291.10 million during the quarter, compared to analysts’ expectations of $290.85 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. Brixmor Property Group’s quarterly revenue was down 8.2% compared to the same quarter last year. On average, equities analysts expect that Brixmor Property Group Inc will post 1.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brixmor Property Group’s dividend payout ratio is currently 60.54%.
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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