Lazard Asset Management LLC Buys 3,990 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Lazard Asset Management LLC raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 245,697 shares of the real estate investment trust’s stock after buying an additional 3,990 shares during the quarter. Lazard Asset Management LLC owned 0.08% of Brixmor Property Group worth $5,761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. M&T Bank Corp grew its holdings in Brixmor Property Group by 0.5% in the 4th quarter. M&T Bank Corp now owns 162,941 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 810 shares during the last quarter. Assetmark Inc. grew its holdings in Brixmor Property Group by 4.0% in the 4th quarter. Assetmark Inc. now owns 24,599 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 942 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Brixmor Property Group by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 355,478 shares of the real estate investment trust’s stock valued at $8,272,000 after buying an additional 1,000 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Brixmor Property Group by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 175,386 shares of the real estate investment trust’s stock valued at $4,111,000 after buying an additional 1,063 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Brixmor Property Group by 10.0% in the 4th quarter. QRG Capital Management Inc. now owns 12,049 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $24.65 on Monday. The stock’s fifty day simple moving average is $22.82 and its 200 day simple moving average is $22.56. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 4.29 and a beta of 1.57. Brixmor Property Group Inc. has a one year low of $19.46 and a one year high of $24.97.

Brixmor Property Group (NYSE:BRX) last announced 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). The company had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. Brixmor Property Group’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. On average, analysts expect that Brixmor Property Group Inc. will post 2.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, May 13th. Mizuho decreased their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Wells Fargo & Company decreased their price objective 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, StockNews.com raised Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the business’s 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 owns 360,004 shares of the company’s stock, valued at $8,640,096. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.76% of the stock is owned by insiders.

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.