Dimensional Fund Advisors LP Buys 240,874 Shares of Brixmor Property Group Inc. (BRX)

Dimensional Fund Advisors LP raised its stake in Brixmor Property Group Inc. (NYSE:BRX) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,477,991 shares of the real estate investment trust’s stock after acquiring an additional 240,874 shares during the period. Dimensional Fund Advisors LP owned approximately 1.47% of Brixmor Property Group worth $84,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Brixmor Property Group by 35.0% during the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after buying an additional 7,543,528 shares during the last quarter. Presima Inc. bought a new position in Brixmor Property Group in the third quarter valued at about $24,750,000. State Street Corp lifted its holdings in Brixmor Property Group by 12.0% in the second 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 during the period. Brookfield Asset Management Inc. lifted its holdings in Brixmor Property Group by 15.9% in the second 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 during the period. Finally, Macquarie Group Ltd. lifted its holdings in Brixmor Property Group by 118.5% in the second quarter. Macquarie Group Ltd. now owns 1,630,279 shares of the real estate investment trust’s stock valued at $29,150,000 after acquiring an additional 884,018 shares during the period. 98.30% of the stock is currently owned by hedge funds and other institutional investors.

BRX has been the topic of a number of recent research reports. Boenning Scattergood reissued a “buy” rating and issued a $22.00 target price on shares of Brixmor Property Group in a report on Tuesday, November 21st. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Stifel Nicolaus initiated coverage on Brixmor Property Group in a report on Thursday, November 30th. They issued a “hold” rating and a $19.00 target price on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $22.00 target price on shares of Brixmor Property Group in a report on Thursday, November 2nd. Finally, BMO Capital Markets set a $20.00 target price on Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Brixmor Property Group currently has a consensus rating of “Hold” and an average target price of $21.25.

In related news, EVP Mark Horgan acquired 3,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average price of $17.64 per share, with a total value of $52,920.00. Following the completion of the purchase, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Brixmor Property Group Inc. (BRX) opened at $18.16 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. Brixmor Property Group Inc. has a 12 month low of $17.23 and a 12 month high of $25.34. The company has a market capitalization of $5,479.72, a PE ratio of 17.13, a PEG ratio of 1.94 and a beta of 0.52.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. During the same period last year, the business earned $0.51 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. research analysts expect that Brixmor Property Group Inc. will post 2.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.10 annualized dividend and a dividend yield of 6.06%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio (DPR) is 98.11%.

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 outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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

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