Published: Wed, May 24, 2017
Hi-Tech | By Ellis Neal

Institutional Investors Are Buying Brixmor Property Group Inc (NYSE:BRX)


292.32 million shares or 2.43% less from 299.60 million shares in 2016Q3 were reported. 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 in the last quarter. Cetera Advisors LLC raised its stake in Simon Property Group by 0.3% in the third quarter. State of Alaska Department of Revenue boosted its stake in Simon Property Group by 29.5% in the first quarter.

Range Resources Corporation (RRC) have shown a high EPS growth of -65.80% in the last 5 years and has earnings decline of 36.00% yoy. Lederer & Associates Investment Counsel CA boosted its stake in Simon Property Group by 1.0% in the first quarter. About 1.19M shares traded. San Francisco Sentry Investment Group CA increased its position in shares of Simon Property Group by 0.8% in the third quarter. (BRX) shares have been seen trading -33.93% off its 52 week- peak value and changed 6.63% from its 52 week-bottom price value.

Shopping mall landlord Simon Property Group plans to invest an additional $1 billion to redevelop its properties for the modern retail age. The company has a market capitalization of $49.09 billion, a price-to-earnings ratio of 26.91 and a beta of 0.60. On the opposite end, shares have been trading 3.39% away from the 50-day low price. Brixmor Property Group's revenue was up.8% compared to the same quarter a year ago.

Simon Property Group Inc (NYSE:SPG) issued an update on its FY17 earnings guidance on Thursday morning.

The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. Also, the number of investment managers holding Brixmor Property Group Inc in their top 10 holdings decreased from 5 to 2 for a decrease of 3. During the same period previous year, the firm posted $2.63 EPS. Mitsubishi UFJ initiated Brixmor Property Group Inc (NYSE:BRX) on Wednesday, September 7 with "Outperform" rating.

According to analysts Brixmor Property Group Inc Cmn (NYSE:BRX)'s minimum EPS for the current quarter is at $0.17 and can go high up to $0.25.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Wednesday, May 17th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 5.63%. Brixmor Property Group's dividend payout ratio (DPR) is 114.29%.

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A number of equities analysts have weighed in on SPG shares. Canaccord Genuity reduced their price target on shares of Simon Property Group from $250.00 to $224.00 and set a "buy" rating for the company in a research report on Monday, March 27th. Barclays PLC decreased their target price on Simon Property Group from $206.00 to $200.00 and set an "overweight" rating for the company in a research report on Wednesday, April 19th.

03/17/2017 - Simon Property Group, Inc. was downgraded to "neutral" by analysts at Goldman Sachs. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company maintains price to book ratio of 1.13 vs.an industry average at 0.41.

In other Simon Property Group news, Director Reuben S. Leibowitz purchased 1,400 shares of the business's stock in a transaction on Tuesday, March 28th. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Following the completion of the acquisition, the insider now owns 203,893 shares in the company, valued at $3,792,409.80.

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust (REIT). (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets.

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