Capital Fund Management S.A. Sells 67,953 Shares of Brixmor Property Group Inc (BRX)

Capital Fund Management S.A. decreased its holdings in Brixmor Property Group Inc (NYSE:BRX) by 47.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,800 shares of the real estate investment trust’s stock after selling 67,953 shares during the quarter. Capital Fund Management S.A.’s holdings in Brixmor Property Group were worth $1,321,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its position in shares of Brixmor Property Group by 5,945.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,135,040 shares of the real estate investment trust’s stock worth $72,073,000 after buying an additional 4,066,640 shares in the last quarter. Cbre Clarion Securities LLC lifted its position in shares of Brixmor Property Group by 36.6% during the 2nd quarter. Cbre Clarion Securities LLC now owns 11,807,082 shares of the real estate investment trust’s stock worth $205,797,000 after buying an additional 3,165,324 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Brixmor Property Group by 1,646.5% during the 1st quarter. Schroder Investment Management Group now owns 2,947,702 shares of the real estate investment trust’s stock worth $44,952,000 after buying an additional 2,778,928 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Brixmor Property Group by 12.4% during the 1st quarter. JPMorgan Chase & Co. now owns 22,638,237 shares of the real estate investment trust’s stock worth $345,233,000 after buying an additional 2,502,209 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Brixmor Property Group by 175.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,291,534 shares of the real estate investment trust’s stock worth $57,675,000 after buying an additional 2,098,559 shares in the last quarter.

Shares of BRX stock traded down $0.09 during trading hours on Friday, hitting $15.96. 2,805,467 shares of the company were exchanged, compared to its average volume of 3,272,845. 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 $19.30. The firm has a market cap of $5.30 billion, a P/E ratio of 7.64, a PEG ratio of 1.46 and a beta of 0.43.

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

The business 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 is Thursday, October 4th. This represents a $1.10 annualized dividend and a dividend yield of 6.89%. Brixmor Property Group’s payout ratio is currently 52.63%.

BRX has been the topic of several recent analyst reports. SunTrust Banks reissued a “buy” rating and set a $20.00 target price on shares of Brixmor Property Group in a research report on Wednesday, August 8th. Sandler O’Neill cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, July 31st. BMO Capital Markets reissued a “hold” rating and set a $16.50 target price on shares of Brixmor Property Group in a research report on Monday, July 30th. Finally, ValuEngine raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target 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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