13,119 Shares in Brixmor Property Group Inc. (NYSE:BRX) Purchased by Jupiter Asset Management Ltd.

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.

Several analysts recently commented on the company. Piper Sandler lifted their price objective on Brixmor Property Group from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, September 1st. KeyCorp boosted their price target on Brixmor Property Group from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, September 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Brixmor Property Group from $22.00 to $25.00 and gave the company a “hold” rating in a report on Tuesday, June 8th. Zacks Investment Research lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 31st. Finally, Barclays started coverage on Brixmor Property Group in a research note on Wednesday, September 1st. They issued an “overweight” rating and a $30.00 price objective for the company. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Brixmor Property Group currently has an average rating of “Hold” and a consensus target price of $22.88.

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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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