Daiwa Securities Group buys $447,613,459 stake in Brixmor Property Group Inc (BRX)

Brixmor Property Group Inc (BRX) : Daiwa Securities Group scooped up 6,707,889 additional shares in Brixmor Property Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 16,294,629 shares of Brixmor Property Group Inc which is valued at $447,613,459.Brixmor Property Group Inc makes up approximately 2.68% of Daiwa Securities Group’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in BRX by selling 76,544 shares or 87.52% in the most recent quarter. The Hedge Fund company now holds 10,913 shares of BRX which is valued at $299,780. Brixmor Property Group Inc makes up approx 0.01% of Shell Asset Management Co’s portfolio.Capital Analysts boosted its stake in BRX in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 2,825 shares of Brixmor Property Group Inc which is valued at $76,303. Brixmor Property Group Inc makes up approx 0.02% of Capital Analysts’s portfolio. Breton Hill Capital Ltd. added BRX to its portfolio by purchasing 7,800 company shares during the most recent quarter which is valued at $211,302. Brixmor Property Group Inc makes up approx 0.07% of Breton Hill Capital Ltd.’s portfolio.British Columbia Investment Management Corp boosted its stake in BRX in the latest quarter, The investment management firm added 56,496 additional shares and now holds a total of 222,797 shares of Brixmor Property Group Inc which is valued at $6,015,519. Brixmor Property Group Inc makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.

Brixmor Property Group Inc opened for trading at $28 and hit $28.48 on the upside on Friday, eventually ending the session at $28.4, with a gain of 1.21% or 0.34 points. The heightened volatility saw the trading volume jump to 17,23,842 shares. Company has a market cap of $8,551 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. Brixmor Property Group Inc was Upgraded by JP Morgan to ” Neutral” on Jun 3, 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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