Institutional Investors Are Buying Brixmor Property Group Inc (NYSE:BRX)
- Author: Arturo Norris May 24, 2017,
May 24, 2017, 9:24
The funds in our partner's database now own: 312.80 million shares, down from 320.95 million shares in 2016Q3. Howland Cap Management Lc, a Massachusetts-based fund reported 1,312 shares. Motco now owns 2,918 shares of the real estate investment trust's stock valued at $502,000 after buying an additional 155 shares in the last quarter. Logan Capital Management Inc. increased its position in Simon Property Group by 0.6% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,358 shares of the real estate investment trust's stock worth $281,000 after buying an additional 8 shares during the last quarter. Brookfield Asset Management Inc. now owns 5,614,019 shares of the real estate investment trust's stock valued at $137,094,000 after buying an additional 350,140 shares in the last quarter.
02/08/2016 - Simon Property Group, Inc. had its "buy" rating reiterated by analysts at Jefferies. The company has grown -21.44% in past 3 months and in the last five trades has moved up 0.05%. Finally, BlackRock Fund Advisors raised its stake in Brixmor Property Group by 16.7% in the third quarter. Over the last week of the month, it was 0.92%, -14.88% over the last quarter, and -12.77% for the past six months.
Brixmor Property Group Inc. The firm has a 50-day moving average of $166.55 and a 200 day moving average of $176.19.
Simon Property Group, Inc. had its "overweight" rating reiterated by analysts at Barclays. The stock has a market capitalization of $48.16 billion, a P/E ratio of 26.40 and a beta of 0.60.
Brixmor Property Group Inc (NYSE:BRX) traded down 0.70% during midday trading on Tuesday, reaching $18.48.
Last time, the company failed Wall Street by reporting EPS of $2.74, smashing the consensus of $2.77 per share. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. Brixmor Property Group had a net margin of 21.60% and a return on equity of 9.51%. BRX generated revenue of $322.96 Million in the same quarter, one year ago. During the same quarter in the prior year, the company earned $2.63 earnings per share.
03/27/2017 - Simon Property Group, Inc. had its "buy" rating reiterated by analysts at Canaccord Genuity.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Wednesday, May 17th will be paid a $1.75 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Monday, May 15th. Over the past week, Simon Property Group, Inc.
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Several analysts have recently weighed in on BRX shares. Zacks Investment Research lowered shares of Brixmor Property Group from a "hold" rating to a "sell" rating in a research note on Tuesday, April 18th. Vetr raised shares of Simon Property Group from a buy rating to a strong-buy rating and set a $186.15 price target on the stock in a research note on Wednesday, April 26th.
03/17/2017 - Simon Property Group, Inc. was downgraded to "neutral" by analysts at Goldman Sachs. The company presently has an average rating of Buy and an average price target of $214.93. The stock had previously closed at $19.07, but opened at $20.03. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The rating was maintained by RBC Capital Markets on Thursday, October 29 with "Outperform".
Delta Lloyd Nv increased Vertex Pharmac Inc (NASDAQ:VRTX) stake by 6,914 shares to 25,491 valued at $1.88M in 2016Q4. The company have shares float of 301.83 million. Insiders have acquired a total of 38,000 shares of company stock valued at $722,706 over the last ninety days.
About Simon Property Group Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). The Firm conducts its activities primarily through Brixmor Operating Partnership LP and subsidiaries. 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.