Coronation Fund Managers Ltd. raised its holdings in Brixmor Property Group Inc (NYSE:BRX) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 823,959 shares of the real estate investment trust’s stock after purchasing an additional 25,853 shares during the period. Coronation Fund Managers Ltd.’s holdings in Brixmor Property Group were worth $15,375,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Brixmor Property Group by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,222,816 shares of the real estate investment trust’s stock valued at $325,682,000 after purchasing an additional 383,162 shares in the last quarter. State Street Corp raised its position in shares of Brixmor Property Group by 12.0% during the 2nd quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after acquiring an additional 1,159,181 shares in the last quarter. Brookfield Asset Management Inc. raised its position in shares of Brixmor Property Group by 15.9% during the 2nd quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after acquiring an additional 908,572 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brixmor Property Group by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,477,991 shares of the real estate investment trust’s stock valued at $84,187,000 after acquiring an additional 240,874 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Brixmor Property Group by 14.2% during the 2nd quarter. Northern Trust Corp now owns 3,074,309 shares of the real estate investment trust’s stock valued at $54,968,000 after acquiring an additional 382,584 shares in the last quarter. 98.65% of the stock is currently owned by institutional investors.
In related news, EVP Mark Horgan acquired 3,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the purchase, the executive vice president now directly owns 56,703 shares in the company, valued at $1,000,240.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.
Shares of Brixmor Property Group Inc (BRX) traded down $0.42 on Monday, reaching $16.30. The company had a trading volume of 468,642 shares, compared to its average volume of 2,959,667. The company has a market cap of $5,098.55, a P/E ratio of 15.77, a P/E/G ratio of 2.08 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70. Brixmor Property Group Inc has a 52-week low of $16.24 and a 52-week high of $24.64.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. Brixmor Property Group’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. equities analysts predict that Brixmor Property Group Inc will post 2.08 EPS for the current year.
Brixmor Property Group declared that its board has initiated a stock buyback program on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, January 4th were paid a dividend of $0.275 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend was Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 103.77%.
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Brixmor Property Group Company Profile
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.
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