Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,695 shares of the real estate investment trust’s stock after selling 1,524 shares during the quarter. Shell Asset Management Co.’s holdings in Brixmor Property Group were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Brixmor Property Group by 0.4% during the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock worth $1,070,794,000 after purchasing an additional 165,572 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Brixmor Property Group by 16.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock valued at $348,718,000 after buying an additional 2,067,135 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Brixmor Property Group by 3.7% in the fourth quarter. Wellington Management Group LLP now owns 10,915,844 shares of the real estate investment trust’s stock valued at $254,012,000 after acquiring an additional 394,158 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Brixmor Property Group by 13.6% in the fourth quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock valued at $197,049,000 after acquiring an additional 1,016,209 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Brixmor Property Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,713,236 shares of the real estate investment trust’s stock worth $109,677,000 after acquiring an additional 123,284 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 1.5 %

Shares of BRX opened at $24.57 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $19.46 and a fifty-two week high of $24.97. The company has a market capitalization of $7.40 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 4.23 and a beta of 1.57. The stock has a fifty day moving average of $22.78 and a two-hundred day moving average of $22.55. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The business had revenue of $320.24 million during the quarter, compared to analysts’ expectations of $314.82 million. During the same quarter last year, the firm earned $0.50 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.11 EPS for the current year.

Brixmor Property Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd were issued a $0.2725 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.44%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.21%.

Insider Activity

In related news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 13th. StockNews.com raised Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Wells Fargo & Company dropped their target price on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 28th. Finally, Mizuho decreased their price target on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.13.

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 362 retail centers comprise approximately 64 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.