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Brixmor Property Group Inc. (BRX) Shares Gap Up After Earnings Beat

Brixmor Property Group Inc. (BRX) Shares Gap Up After Earnings Beat

Currently, the stock has a 1 Year Price Target of $22.12. The value of the investment in (BRX) decreased from $79,247,000 to $48,859,000 decreasing 38.3% quarter over quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust's stock valued at $461,888,000 after buying an additional 20,505,706 shares in the last quarter. NY raised its position in shares of Brixmor Property Group by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,533,889 shares of the real estate investment trust's stock valued at $75,840,000 after buying an additional 1,945,697 shares in the last quarter. Zacks Investment Research downgraded shares of Brixmor Property Group from a hold rating to a sell rating in a research note on Tuesday, July 18th. California Public Employees Retirement System owns 464,100 shares valued at $8,298,000. Morgan Stanley raised its stake in shares of Brixmor Property Group by 42.9% in the first quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust's stock valued at $127,000 after buying an additional 554 shares during the period. Finally, NGAM Advisors L.P. raised its position in Brixmor Property Group by 70.8% in the second quarter.

American International Group Inc. lowered its position in Brixmor Property Group Inc.

The company is trading down by -0.51% since yesterday's close of $19.63. Shares saw a steep increase in trading volume of 26.88% over the normal average daily volume. The firm has a market capitalization of $5.96 billion, a PE ratio of 20.01 and a beta of 0.53.

Brixmor Property Group Inc. has a 1-year low of $17.35 and a 1-year high of $29.14. Brixmor Property Group Inc (NYSE:BRX) has declined 24.49% since August 11, 2016 and is downtrending. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.02, Bloomberg Earnings reports.

Many analysts have provided their estimated foresights on Brixmor Property Group Inc. In contrast to the year ago quarter EPS was at 0.22. During the same period in the prior year, the business posted $0.50 earnings per share. On average, equities research analysts forecast that Brixmor Property Group Inc. will post $0.88 EPS for the current year.

A number of research firms recently commented on BRX.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. The stock of Brixmor Property Group Inc (NYSE:BRX) has "Hold" rating given on Monday, July 18 by Deutsche Bank. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.33%. Brixmor Property Group's dividend payout ratio (DPR) is presently 106.12%.

TRADEMARK VIOLATION WARNING: "Brixmor Property Group (NYSE:BRX) Receiving Somewhat Positive News Coverage, Analysis Finds" was published by Week Herald and is the property of of Week Herald. If you are viewing this article on another website, it was stolen and republished in violation of USA & global copyright & trademark legislation. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/08/13/brixmor-property-group-inc-brx-shares-bought-by-first-manhattan-co-updated.html. "(BRX)" was reported by BNB Daily and is the property of of BNB Daily. Royal Bank Of Canada reiterated a "hold" rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Boenning Scattergood reissued a "hold" rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd.

August 7 investment analysts at Citigroup left the stock rating at "Neutral" but raised the price target to $20.00 from $19.00. As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture. The Firm conducts its activities primarily through Brixmor Operating Partnership LP and subsidiaries.