Cornercap Investment Counsel Inc. Reduces Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Cornercap Investment Counsel Inc. decreased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 48.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,455 shares of the real estate investment trust's stock after selling 19,329 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Brixmor Property Group were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PGGM Investments boosted its position in shares of Brixmor Property Group by 167.2% during the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust's stock valued at $86,847,000 after acquiring an additional 2,353,582 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $16,964,000. Boston Partners increased its holdings in shares of Brixmor Property Group by 1,140.5% during the 1st quarter. Boston Partners now owns 545,367 shares of the real estate investment trust's stock worth $12,774,000 after buying an additional 501,403 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Brixmor Property Group during the 1st quarter valued at approximately $124,978,000. Finally, Wolverine Asset Management LLC acquired a new position in Brixmor Property Group in the second quarter valued at approximately $494,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Up 0.5 %

Shares of NYSE:BRX traded up $0.15 during trading on Friday, hitting $28.83. The company's stock had a trading volume of 2,247,467 shares, compared to its average volume of 2,288,288. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.19. The business has a 50 day moving average price of $27.80 and a two-hundred day moving average price of $25.22. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $8.71 billion, a PE ratio of 26.69, a P/E/G ratio of 3.93 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $0.287 dividend. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.15 annualized dividend and a yield of 3.98%. Brixmor Property Group's dividend payout ratio (DPR) is 100.93%.

Wall Street Analyst Weigh In

A number of research firms have commented on BRX. JPMorgan Chase & Co. lifted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. KeyCorp boosted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday. Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a "hold" rating in a research note on Tuesday, October 29th. Wells Fargo & Company boosted 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 research note on Wednesday, August 28th. Finally, StockNews.com cut shares of Brixmor Property Group from a "buy" rating to a "hold" 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.13.

Brixmor Property Group Company 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 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.