107,708 Shares in Brixmor Property Group Inc (BRX) Purchased by Amica Pension Fund Board of Trustees

Amica Pension Fund Board of Trustees purchased a new position in shares of Brixmor Property Group Inc (NYSE:BRX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 107,708 shares of the real estate investment trust’s stock, valued at approximately $2,010,000.

A number of other large investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Brixmor Property Group by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,283 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 712 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in Brixmor Property Group by 2.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 115,400 shares of the real estate investment trust’s stock worth $2,170,000 after acquiring an additional 2,800 shares during the last quarter. Copeland Capital Management LLC boosted its position in Brixmor Property Group by 1.8% during the 4th quarter. Copeland Capital Management LLC now owns 213,187 shares of the real estate investment trust’s stock worth $3,978,000 after acquiring an additional 3,861 shares during the last quarter. Loeb Partners Corp boosted its position in Brixmor Property Group by 12.9% during the 3rd quarter. Loeb Partners Corp now owns 35,000 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Brixmor Property Group by 53.2% during the 4th quarter. Meeder Asset Management Inc. now owns 12,172 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 4,225 shares during the last quarter.

In other Brixmor Property Group news, EVP Mark Horgan purchased 4,500 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was acquired at an average price of $14.94 per share, with a total value of $67,230.00. Following the acquisition, the executive vice president now directly owns 62,769 shares of the company’s stock, valued at approximately $937,768.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

A number of research firms have weighed in on BRX. Citigroup raised Brixmor Property Group to an “overweight” rating and upped their price target for the stock from $19.00 to $21.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Boenning Scattergood reissued a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a report on Tuesday, November 21st. Mizuho reissued a “buy” rating and issued a $19.50 price objective on shares of Brixmor Property Group in a report on Friday, November 10th. Finally, BMO Capital Markets set a $19.00 price objective on Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Brixmor Property Group has a consensus rating of “Hold” and an average price target of $18.80.

Shares of Brixmor Property Group Inc (NYSE:BRX) opened at $15.29 on Thursday. The company has a market capitalization of $4,660.00, a P/E ratio of 15.60, a PEG ratio of 1.97 and a beta of 0.35. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.95. Brixmor Property Group Inc has a twelve month low of $13.74 and a twelve month high of $23.85.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The business had revenue of $320.06 million for the quarter, compared to analyst estimates of $312.97 million. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. analysts forecast that Brixmor Property Group Inc will post 2 earnings per share for the current year.

Brixmor Property Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 5th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 7.19%. The ex-dividend date of this dividend is Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio is 112.24%.

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About Brixmor Property Group

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

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

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