Quantitative Systematic Strategies LLC Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

Quantitative Systematic Strategies LLC acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,229 shares of the real estate investment trust’s stock, valued at approximately $224,000.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its position in Brixmor Property Group by 2,015.3% in the first quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock worth $461,888,000 after buying an additional 20,505,706 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Brixmor Property Group by 122.5% in the first quarter. Bank of New York Mellon Corp now owns 3,533,889 shares of the real estate investment trust’s stock worth $75,840,000 after buying an additional 1,945,697 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Brixmor Property Group by 50.6% in the first quarter. Nuveen Asset Management LLC now owns 4,610,796 shares of the real estate investment trust’s stock worth $98,948,000 after buying an additional 1,549,548 shares during the last quarter. Morgan Stanley boosted its position in Brixmor Property Group by 42.9% in the first quarter. Morgan Stanley now owns 3,625,868 shares of the real estate investment trust’s stock worth $77,811,000 after buying an additional 1,089,278 shares during the last quarter. Finally, First Quadrant L P CA boosted its position in Brixmor Property Group by 142.0% in the second quarter. First Quadrant L P CA now owns 1,367,926 shares of the real estate investment trust’s stock worth $24,459,000 after buying an additional 802,739 shares during the last quarter.

Shares of Brixmor Property Group Inc. (BRX) opened at 18.74 on Friday. The company’s 50 day moving average price is $18.96 and its 200-day moving average price is $20.30. The stock has a market capitalization of $5.71 billion, a PE ratio of 19.20 and a beta of 0.53. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The company had revenue of $322.80 million during the quarter, compared to the consensus estimate of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. Brixmor Property Group’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. Equities research analysts predict that Brixmor Property Group Inc. will post $0.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is 106.12%.

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A number of equities analysts recently issued reports on BRX shares. Barclays PLC dropped their price objective on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 16th. Zacks Investment Research upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 target price on shares of Brixmor Property Group in a report on Monday, June 19th. Citigroup Inc. lowered their target price on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, May 9th. Finally, BidaskClub upgraded Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Brixmor Property Group has an average rating of “Hold” and an average price target of $25.55.

In other Brixmor Property Group news, insider James M. Taylor, Jr. purchased 15,600 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $19.24 per share, with a total value of $300,144.00. Following the acquisition, the insider now directly owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by insiders.

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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