PNC Financial Services Group Inc. raised its position in Brixmor Property Group by 159.5% in the second quarter. The fund owned 1,895,849 shares of the real estate investment trust's stock after buying an additional 268,372 shares during the period.
The stock of Brixmor Property Group Inc (NYSE:BRX) is a huge mover today! Thrivent Financial For Lutherans controls 639,176 shares with a value of $11,428,000. Coronation Fund Managers Ltd. acquired a new position in Brixmor Property Group during the second quarter valued at about $14,270,000. Pensionfund Sabic raised its position in shares of Brixmor Property Group by 7.7% in the first quarter. Rothschild Asset Management Inc. now owns 613,583 shares of the real estate investment trust's stock valued at $10,971,000 after buying an additional 30,598 shares during the period. Morgan Stanley raised its stake in shares of Brixmor Property Group by 42.9% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust's stock worth $141,000 after buying an additional 209 shares during the last quarter. Finally, NGAM Advisors L.P. raised its position in Brixmor Property Group by 70.8% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust's stock worth $200,000 after buying an additional 2,600 shares during the last quarter.
Ruth's Hospitality Group, Inc. develops and operates fine dining restaurants under the name, Ruth's Chris Steak House.
Brixmor Property Group (BRX) traded down 0.51% during midday trading on Friday, reaching $19.53. The company's stock had a trading volume of 2,361,904 shares. The firm has a 50 day moving average price of $18.82 and a 200 day moving average price of $20.48.
The company now has a P/E ratio of 20.01 and market capitalization is 5.96B. Deutsche Bank upgraded Brixmor Property Group Inc (NYSE:BRX) rating on Wednesday, August 17.
News stories about Brixmor Property Group (NYSE:BRX) have been trending somewhat positive on Saturday, according to Accern. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02.
Many analysts have provided their estimated foresights on Brixmor Property Group Inc. During the same period in the prior year, the business posted $0.50 earnings per share. Brixmor Property Group's quarterly revenue was up 4.1% compared to the same quarter a year ago.
Beta is also an important valuation ratio for analyzing the stock of the company, BRX has Beta of 0.55 while its industry and Sector's beta remains at 0.42 and 1.47 respectively.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. The ex-dividend date will be on Monday July 3rd, 2017. This represents a $1.04 dividend on an annualized basis and a yield of 5.33%.
TRADEMARK VIOLATION WARNING: This piece was originally reported by Stock Observer and is owned by of Stock Observer. If you are viewing this article on another website, it was stolen and republished in violation of US & worldwide trademark and copyright laws. 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. On July 18 Barclays made no change to the company rating of "Equal-Weight" and lowered the price expectation to $21.00 from $28.00. Boenning Scattergood restated a "hold" rating on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Citigroup Inc. increased their price target on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday, August 7th. Royal Bank Of Canada reiterated a "hold" rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. 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 company presently has an average rating of "Hold" and a consensus price target of $26.25. Brixmor Property Group earned a news impact score of 0.14 on Accern's scale.