Brixmor Property Group Inc (BRX) Holdings Lifted by Verition Fund Management LLC

Verition Fund Management LLC boosted its stake in shares of Brixmor Property Group Inc (NYSE:BRX) by 160.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,937 shares of the real estate investment trust’s stock after buying an additional 38,198 shares during the quarter. Verition Fund Management LLC’s holdings in Brixmor Property Group were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Connable Office Inc. acquired a new position in Brixmor Property Group during the first quarter worth about $190,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of Brixmor Property Group in the first quarter valued at about $191,000. IBM Retirement Fund purchased a new stake in shares of Brixmor Property Group in the first quarter valued at about $200,000. Teza Capital Management LLC purchased a new stake in shares of Brixmor Property Group in the first quarter valued at about $222,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Brixmor Property Group by 126.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 14,833 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 8,278 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

In other Brixmor Property Group news, Director John Schreiber acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was bought at an average price of $14.64 per share, with a total value of $146,400.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $366,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James M. Taylor, Jr. acquired 11,500 shares of the company’s stock in a transaction dated Friday, May 4th. The stock was acquired at an average cost of $14.65 per share, with a total value of $168,475.00. Following the transaction, the chief executive officer now directly owns 228,384 shares of the company’s stock, valued at $3,345,825.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 23,090 shares of company stock worth $339,091. 0.33% of the stock is currently owned by insiders.

Several brokerages have issued reports on BRX. ValuEngine raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Monday. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating in a report on Monday, June 11th. Goldman Sachs Group began coverage on shares of Brixmor Property Group in a report on Friday, May 18th. They issued a “buy” rating and a $17.50 price target on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, May 2nd. Finally, BMO Capital Markets set a $19.00 price target on shares of Brixmor Property Group and gave the company a “hold” rating in a report on Monday, April 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.32.

Brixmor Property Group opened at $17.16 on Wednesday, Marketbeat Ratings reports. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.96. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 2.20 and a beta of 0.41. Brixmor Property Group Inc has a fifty-two week low of $13.74 and a fifty-two week high of $20.59.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.31). The company had revenue of $317.17 million for the quarter, compared to analysts’ expectations of $315.84 million. Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. equities analysts predict that Brixmor Property Group Inc will post 2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, July 6th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Thursday, July 5th. Brixmor Property Group’s dividend payout ratio is currently 52.63%.

Brixmor Property Group Company Profile

Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.

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

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