Jupiter Asset Management Ltd. acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, Holdings Channel.com reports. The fund acquired 13,119 shares of the real estate investment trust’s stock, valued at approximately $300,000.
Other large investors have also added to or reduced their stakes in the company. Eaton Vance Management purchased a new stake in shares of Brixmor Property Group in the 1st quarter valued at about $39,000. Acadian Asset Management LLC bought a new position in Brixmor Property Group during the 1st quarter worth approximately $55,000. Virtu Financial LLC bought a new position in Brixmor Property Group during the 1st quarter worth approximately $216,000. Cambria Investment Management L.P. bought a new stake in shares of Brixmor Property Group in the 1st quarter worth approximately $253,000. Finally, Panagora Asset Management Inc. lifted its stake in shares of Brixmor Property Group by 73.3% in the 1st quarter. Panagora Asset Management Inc. now owns 13,961 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 5,903 shares during the period. 97.02% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Brian T. Finnegan sold 5,000 shares of the stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $22.57, for a total value of $112,850.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven F. Siegel sold 7,500 shares of the stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $22.66, for a total value of $169,950.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
NYSE BRX opened at $23.27 on Wednesday. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.43 and a beta of 1.71. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.91. The business has a 50-day moving average price of $22.97 and a 200-day moving average price of $22.21. Brixmor Property Group Inc. has a twelve month low of $10.58 and a twelve month high of $24.42.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Sunday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.12). The firm had revenue of $287.00 million during the quarter, compared to analysts’ expectations of $274.20 million. Brixmor Property Group had a return on equity of 7.44% and a net margin of 17.90%. Brixmor Property Group’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Research analysts expect that Brixmor Property Group Inc. will post 1.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Tuesday, October 5th will be paid a dividend of $0.215 per share. The ex-dividend date is Monday, October 4th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.70%. Brixmor Property Group’s dividend payout ratio is 58.50%.
Brixmor Property Group Profile
Brixmor Property Group, Inc operates as real estate investment trust. It owns and operates wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.
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