Brixmor Property Group Inc (NYSE:BRX) Position Boosted by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. raised its holdings in Brixmor Property Group Inc (NYSE:BRX) by 201.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 738,695 shares of the real estate investment trust’s stock after acquiring an additional 493,665 shares during the quarter. NN Investment Partners Holdings N.V. owned 0.25% of Brixmor Property Group worth $13,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ingalls & Snyder LLC lifted its position in Brixmor Property Group by 15.4% during the second quarter. Ingalls & Snyder LLC now owns 287,236 shares of the real estate investment trust’s stock valued at $5,136,000 after purchasing an additional 38,235 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Brixmor Property Group by 29.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 21,220 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 4,840 shares in the last quarter. Timbercreek Investment Management Inc. raised its holdings in shares of Brixmor Property Group by 4.2% in the 2nd quarter. Timbercreek Investment Management Inc. now owns 924,441 shares of the real estate investment trust’s stock valued at $16,825,000 after purchasing an additional 37,595 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of Brixmor Property Group by 21.0% in the 2nd quarter. WINTON GROUP Ltd now owns 174,510 shares of the real estate investment trust’s stock valued at $3,120,000 after purchasing an additional 30,269 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Brixmor Property Group by 19.7% in the 1st quarter. First Trust Advisors LP now owns 800,573 shares of the real estate investment trust’s stock valued at $14,707,000 after purchasing an additional 131,654 shares in the last quarter. 98.23% of the stock is owned by institutional investors.

Several analysts recently commented on BRX shares. Zacks Investment Research cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price target on shares of Brixmor Property Group in a report on Wednesday, July 31st. KeyCorp set a $20.00 price target on shares of Brixmor Property Group and gave the stock a “buy” rating in a report on Wednesday, June 19th. ValuEngine downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.75.

BRX opened at $19.00 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.78. Brixmor Property Group Inc has a 52-week low of $14.11 and a 52-week high of $19.20. The stock has a market capitalization of $5.71 billion, a P/E ratio of 10.27, a P/E/G ratio of 2.24 and a beta of 0.74. The stock’s 50 day simple moving average is $18.34.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.24). Brixmor Property Group had a return on equity of 12.66% and a net margin of 30.07%. The business had revenue of $291.00 million for the quarter, compared to analyst estimates of $286.99 million. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Brixmor Property Group Inc will post 1.9 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 4th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 5.89%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.

Brixmor Property Group Profile

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 425 retail centers comprise approximately 74 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.

Featured Story: What are the benefits of investing in REITs?

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

Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.