SG Americas Securities LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 52.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,139 shares of the real estate investment trust’s stock after acquiring an additional 71,461 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Brixmor Property Group worth $4,806,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of BRX. Vanguard Group Inc. boosted its stake in shares of Brixmor Property Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock valued at $1,070,794,000 after purchasing an additional 165,572 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Brixmor Property Group by 16.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock worth $348,718,000 after acquiring an additional 2,067,135 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Brixmor Property Group by 3.7% during the fourth quarter. Wellington Management Group LLP now owns 10,915,844 shares of the real estate investment trust’s stock worth $254,012,000 after acquiring an additional 394,158 shares during the period. Centersquare Investment Management LLC increased its position in shares of Brixmor Property Group by 13.6% during the fourth quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock worth $197,049,000 after acquiring an additional 1,016,209 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Brixmor Property Group in the first quarter valued at $124,978,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Brixmor Property Group
In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.76% of the company’s stock.
Analyst Upgrades and Downgrades
BRX has been the subject of several analyst reports. Compass Point boosted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. KeyCorp boosted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their target price on shares of Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 28th. Evercore ISI upgraded shares of Brixmor Property Group to a “hold” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group raised their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $26.86.
Brixmor Property Group Stock Up 1.0 %
Brixmor Property Group stock opened at $25.46 on Monday. The company has a market capitalization of $7.67 billion, a P/E ratio of 27.38, a PEG ratio of 4.43 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.45 and a current ratio of 1.50. Brixmor Property Group Inc. has a fifty-two week low of $19.46 and a fifty-two week high of $26.41. The stock has a 50-day simple moving average of $23.49 and a 200-day simple moving average of $22.75.
Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The firm had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. Brixmor Property Group’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Equities research analysts expect that Brixmor Property Group Inc. will post 2.12 earnings per share for the current year.
Brixmor Property Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a $0.2725 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 4.28%. Brixmor Property Group’s dividend payout ratio is presently 117.20%.
Brixmor Property Group Profile
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.
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