Pitcairn Co. Acquires New Stake in Brixmor Property Group Inc (NYSE:BRX)

Pitcairn Co. acquired a new stake in shares of Brixmor Property Group Inc (NYSE:BRX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,148 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in shares of Brixmor Property Group by 19.0% in the 1st quarter. Alliancebernstein L.P. now owns 3,970,977 shares of the real estate investment trust’s stock worth $37,724,000 after buying an additional 633,510 shares during the period. Invesco Ltd. lifted its holdings in shares of Brixmor Property Group by 6.0% in the 1st quarter. Invesco Ltd. now owns 2,891,047 shares of the real estate investment trust’s stock worth $27,465,000 after buying an additional 164,434 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Brixmor Property Group in the 1st quarter worth $365,000. Jane Street Group LLC lifted its holdings in shares of Brixmor Property Group by 73.6% in the 1st quarter. Jane Street Group LLC now owns 52,736 shares of the real estate investment trust’s stock worth $501,000 after buying an additional 22,352 shares during the period. Finally, Norges Bank purchased a new stake in shares of Brixmor Property Group in the 4th quarter worth $70,253,000. Institutional investors own 98.03% of the company’s stock.

Shares of NYSE:BRX opened at $11.51 on Friday. The business’s 50-day moving average is $12.38 and its 200 day moving average is $14.02. Brixmor Property Group Inc has a 1 year low of $7.51 and a 1 year high of $22.74. The firm has a market capitalization of $3.41 billion, a P/E ratio of 12.65 and a beta of 1.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.68 and a quick ratio of 1.68.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.28). Brixmor Property Group had a net margin of 23.43% and a return on equity of 9.94%. The business had revenue of $282.30 million for the quarter, compared to analyst estimates of $291.87 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts expect that Brixmor Property Group Inc will post 1.65 EPS for the current year.

Several brokerages have weighed in on BRX. Citigroup upped their target price on Brixmor Property Group from $9.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Goldman Sachs Group started coverage on Brixmor Property Group in a research report on Wednesday, July 1st. They issued a “buy” rating and a $18.00 price target for the company. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 21st. Compass Point lowered Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Wednesday, July 8th. Finally, BMO Capital Markets started coverage on Brixmor Property Group in a research report on Tuesday, July 21st. They issued a “sell” rating and a $11.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.06.

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 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.

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

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