Point72 Hong Kong Ltd Buys 2,290 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Point72 Hong Kong Ltd grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 30.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,690 shares of the real estate investment trust’s stock after buying an additional 2,290 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Brixmor Property Group were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BRX. UMB Bank n.a. lifted its holdings in Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 723 shares during the period. Blue Trust Inc. lifted its stake in shares of Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares during the period. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $46,000. Fifth Third Bancorp boosted its holdings in shares of Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 431 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Brixmor Property Group by 45.5% during the second quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 903 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.76% of the stock is owned by company insiders.

Analyst Ratings Changes

BRX has been the topic of several analyst reports. Mizuho lifted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. KeyCorp lifted their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Compass Point upped their price target on Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $29.38.

Brixmor Property Group Trading Down 1.0 %

BRX stock opened at $29.77 on Tuesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The business has a 50 day simple moving average of $28.27 and a two-hundred day simple moving average of $25.84. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. Research analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.86%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s payout ratio is 100.93%.

About Brixmor Property Group

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.