Cohen & Steers Inc. lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 40.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,102,791 shares of the real estate investment trust's stock after selling 2,800,612 shares during the quarter. Cohen & Steers Inc. owned 1.37% of Brixmor Property Group worth $105,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC grew its stake in shares of Brixmor Property Group by 4.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,978 shares of the real estate investment trust's stock worth $232,000 after acquiring an additional 420 shares during the period. Navellier & Associates Inc. grew its stake in shares of Brixmor Property Group by 1.3% during the 1st quarter. Navellier & Associates Inc. now owns 40,752 shares of the real estate investment trust's stock worth $1,052,000 after acquiring an additional 542 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Brixmor Property Group by 8.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 9,430 shares of the real estate investment trust's stock worth $243,000 after acquiring an additional 724 shares during the period. Intersect Capital LLC grew its stake in shares of Brixmor Property Group by 2.9% during the 1st quarter. Intersect Capital LLC now owns 31,616 shares of the real estate investment trust's stock worth $816,000 after acquiring an additional 890 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Brixmor Property Group by 1.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 79,564 shares of the real estate investment trust's stock worth $2,054,000 after acquiring an additional 897 shares during the period. Institutional investors own 97.35% of the company's stock.
Get Brixmor Property Group alerts:Wall Street Analyst Weigh In
BRX has been the subject of several research reports. Credit Suisse Group began coverage on Brixmor Property Group in a research note on Wednesday, June 22nd. They set an "outperform" rating and a $23.00 price target for the company. JPMorgan Chase & Co. raised Brixmor Property Group from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $27.00 to $25.00 in a report on Wednesday, June 22nd. Mizuho increased their price objective on Brixmor Property Group from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 16th. Evercore ISI increased their price objective on Brixmor Property Group to $24.00 in a report on Tuesday, August 9th. Finally, Stifel Nicolaus dropped their price objective on Brixmor Property Group from $27.00 to $22.50 in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group presently has an average rating of "Hold" and an average target price of $24.97.
Brixmor Property Group Stock Performance
NYSE:BRX opened at $22.58 on Friday. The business's 50-day moving average price is $22.06 and its two-hundred day moving average price is $23.37. Brixmor Property Group Inc. has a twelve month low of $19.42 and a twelve month high of $27.19. The stock has a market cap of $6.77 billion, a P/E ratio of 23.28, a PEG ratio of 1.58 and a beta of 1.55. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.84.Brixmor Property Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 4th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.25%. Brixmor Property Group's dividend payout ratio is 98.97%.
Brixmor Property Group Company Profile
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Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
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