Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brixmor Property Group Inc (NYSE:BRX) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,400 shares of the real estate investment trust’s stock after acquiring an additional 7,949 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brixmor Property Group were worth $1,332,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BRX. Algebris UK Ltd boosted its stake in Brixmor Property Group by 211.9% in the 1st quarter. Algebris UK Ltd now owns 526,474 shares of the real estate investment trust’s stock worth $8,029,000 after purchasing an additional 357,669 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Brixmor Property Group by 22.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 68,400 shares of the real estate investment trust’s stock valued at $1,043,000 after acquiring an additional 12,500 shares during the period. Rhumbline Advisers lifted its stake in Brixmor Property Group by 2.0% during the 1st quarter. Rhumbline Advisers now owns 335,005 shares of the real estate investment trust’s stock valued at $5,109,000 after acquiring an additional 6,416 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Brixmor Property Group by 5.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 86,820 shares of the real estate investment trust’s stock valued at $1,324,000 after acquiring an additional 4,139 shares during the period. Finally, Comerica Bank lifted its stake in Brixmor Property Group by 91.4% during the 1st quarter. Comerica Bank now owns 78,057 shares of the real estate investment trust’s stock valued at $1,114,000 after acquiring an additional 37,272 shares during the period.

BRX traded down $0.39 during trading on Friday, reaching $17.68. The company had a trading volume of 1,772,145 shares, compared to its average volume of 1,526,669. The company has a market cap of $5.44 billion, a PE ratio of 8.46, a P/E/G ratio of 1.50 and a beta of 0.42. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.92. Brixmor Property Group Inc has a 52 week low of $13.74 and a 52 week high of $19.81.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.24). The firm had revenue of $313.03 million for the quarter, compared to analysts’ expectations of $307.73 million. Brixmor Property Group had a net margin of 23.30% and a return on equity of 10.21%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. research analysts anticipate that Brixmor Property Group Inc will post 2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, October 5th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.10 annualized dividend and a dividend yield of 6.22%. Brixmor Property Group’s dividend payout ratio is currently 52.63%.

Several research firms have issued reports on BRX. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Brixmor Property Group in a research note on Wednesday, August 8th. BMO Capital Markets restated a “hold” rating and set a $16.50 target price on shares of Brixmor Property Group in a research note on Monday, July 30th. ValuEngine upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. Mizuho cut shares of Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday, August 21st. Finally, Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and a consensus target price of $18.64.

About Brixmor Property Group

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 471 retail centers comprise approximately 80 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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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