Keeley Teton Advisors LLC Sells 2,388 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Keeley Teton Advisors LLC reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,167 shares of the real estate investment trust’s stock after selling 2,388 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Brixmor Property Group were worth $2,021,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BRX. Quarry LP acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $40,000. GAMMA Investing LLC acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $45,000. Larson Financial Group LLC acquired a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $47,000. Mather Group LLC. acquired a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $165,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $172,000. 98.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Brixmor Property Group Trading Up 1.5 %

Brixmor Property Group stock traded up $0.36 during mid-day trading on Friday, hitting $24.56. 1,633,895 shares of the stock were exchanged, compared to its average volume of 1,869,871. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. Brixmor Property Group Inc. has a 12 month low of $19.46 and a 12 month high of $24.97. The firm’s fifty day simple moving average is $22.82 and its two-hundred day simple moving average is $22.56. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 4.23 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). The firm had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. 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 disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd were paid a $0.2725 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $1.09 annualized dividend and a dividend yield of 4.44%. Brixmor Property Group’s dividend payout ratio is currently 117.21%.

Insider Activity

In other news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is currently owned by company 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.