Apg Asset Management Us Lowers stake in Brixmor Property Group Inc (BRX)

Brixmor Property Group Inc (BRX) : Apg Asset Management Us reduced its stake in Brixmor Property Group Inc by 0.35% during the most recent quarter end. The investment management company now holds a total of 16,260,728 shares of Brixmor Property Group Inc which is valued at $456,601,242 after selling 57,722 shares in Brixmor Property Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Brixmor Property Group Inc makes up approximately 3.50% of Apg Asset Management Us’s portfolio.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in BRX in the latest quarter, The investment management firm added 79,556 additional shares and now holds a total of 253,994 shares of Brixmor Property Group Inc which is valued at $7,132,152. Brixmor Property Group Inc makes up approx 0.01% of Alliancebernstein’s portfolio.Rothschild Asset Management Inc boosted its stake in BRX in the latest quarter, The investment management firm added 60,044 additional shares and now holds a total of 485,989 shares of Brixmor Property Group Inc which is valued at $13,680,590. Brixmor Property Group Inc makes up approx 0.24% of Rothschild Asset Management Inc’s portfolio. Signaturefd added BRX to its portfolio by purchasing 153 company shares during the most recent quarter which is valued at $4,345.Ibm Retirement Fund boosted its stake in BRX in the latest quarter, The investment management firm added 1,328 additional shares and now holds a total of 19,323 shares of Brixmor Property Group Inc which is valued at $532,542. Brixmor Property Group Inc makes up approx 0.02% of Ibm Retirement Fund’s portfolio.Fox Run Management L.l.c. boosted its stake in BRX in the latest quarter, The investment management firm added 22,900 additional shares and now holds a total of 38,000 shares of Brixmor Property Group Inc which is valued at $1,040,820. Brixmor Property Group Inc makes up approx 0.48% of Fox Run Management L.l.c.’s portfolio.

Brixmor Property Group Inc opened for trading at $27.98 and hit $28.22 on the upside on Tuesday, eventually ending the session at $28.18, with a gain of 0.93% or 0.26 points. The heightened volatility saw the trading volume jump to 36,36,531 shares. Company has a market cap of $8,485 M.

On the company’s financial health, Brixmor Property Group Inc reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $310.10 million for the quarter, compared to analysts expectations of $315.36 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Investors should note that on Jul 25, 2016, Brixmor Property Group Inc announced a cash dividend of $0.2450. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on Brixmor Property Group Inc. Company shares were Upgraded by Deutsche Bank on Aug 17, 2016 to ” Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .Stifel Upgraded Brixmor Property Group Inc on Aug 15, 2016 to ” Buy”, Price Target of the shares are set at $31.Brixmor Property Group Inc was Upgraded by Citigroup to ” Buy” on Aug 12, 2016.

Brixmor Property Group Inc. (BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub) which is the sole member of Brixmor OP GP LLC (the General Partner) the sole general partner of the Operating Partnership. The Company’s principal business is the ownership and operation of community and neighborhood shopping centers. The Company’s portfolio consists of 521 shopping centers totaling approximately 87 million square feet of gross leasable area. 520 of these shopping centers are 100% owned by the Company. The Company’s community and neighborhood shopping centers provide a mix of retailers and are primarily located in the 50 Metropolitan Statistical Areas.

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