2 weeks Ago By ABMN Staff
Makena Capital Management LLC increased its stake in Brixmor Property Group Inc. ( NYSE:BRX – Free Report ) by 42.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 439,356 shares of the real estate investment trust’s stock after acquiring an additional 131,584 shares during the period. Brixmor Property Group comprises about 2.4% of Makena Capital Management LLC’s holdings, making the stock its 16th largest holding.
Makena Capital Management LLC owned approximately 0.15% of Brixmor Property Group worth $10,145,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
Blue Trust Inc. increased its stake in shares of Brixmor Property Group by 258.9% during the second quarter.
Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,007 shares during the period. Quarry LP purchased a new position in Brixmor Property Group during the fourth quarter valued at $40,000.
Larson Financial Group LLC purchased a new stake in Brixmor Property Group during the 1st quarter valued at about $47,000. Abich Financial Wealth Management LLC increased its position in shares of Brixmor Property Group by 50.7% during the first quarter.
Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Brixmor Property Group by 19.1% during the second quarter.
Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.
Insiders Place Their Bets In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.
00. Following the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . In other news, insider Steven F. Siegel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th.
The shares were sold at an average price of $24.00, for a total value of $240,000.00.
Following the completion of the sale, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th.
The shares were sold at an average price of $25.45, for a total transaction of $127,250.00.
Following the transaction, the director now owns 46,291 shares in the company, valued at $1,178,105.95. The disclosure for this sale can be found here .
Corporate insiders own 0.76% of the company’s stock. Brixmor Property Group Price Performance Brixmor Property Group ( NYSE:BRX – Get Free Report ) last released its quarterly earnings data on Monday, July 29th.
The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.
29). The firm had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.
75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.
45%. The business’s revenue was up 1.9% compared to the same quarter last year.
During the same period in the previous year, the firm earned $0.52 EPS. On average, equities analysts anticipate that Brixmor Property Group Inc.
will post 2.13 EPS for the current fiscal year. Brixmor Property Group Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th.
Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.
This represents a $1.09 annualized dividend and a yield of 3.98%.
Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.20%. Wall Street Analyst Weigh In BRX has been the topic of a number of recent analyst reports.
Wells Fargo & Company raised their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th.
Mizuho boosted their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, August 19th.
Evercore ISI raised their price target on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th.
Scotiabank increased their target price on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th.
Finally, KeyCorp upped their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th.
Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.
38. Check Out Our Latest Stock Analysis on BRX Brixmor Property Group Profile ( Free Report ) 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 362 retail centers comprise approximately 64 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 Articles Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc.
( NYSE:BRX – Free Report ). 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 .
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