Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Presima Securities ULC

Presima Securities ULC trimmed its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,392,268 shares of the real estate investment trust’s stock after selling 38,457 shares during the period. Brixmor Property Group makes up about 9.5% of Presima Securities ULC’s holdings, making the stock its 3rd largest position. Presima Securities ULC’s holdings in Brixmor Property Group were worth $38,761,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BRX. Glenmede Trust Co. NA boosted its holdings in Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares in the last quarter. Vestcor Inc acquired a new stake in Brixmor Property Group in the 3rd quarter valued at $776,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Brixmor Property Group by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after purchasing an additional 159,388 shares during the last quarter. Natixis Advisors LLC increased its holdings in Brixmor Property Group by 33.3% during the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after purchasing an additional 36,823 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 12,593 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BRX shares. Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. KeyCorp lifted their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Scotiabank boosted their price target on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Finally, Mizuho increased their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.19.

Brixmor Property Group Stock Up 0.7 %

BRX opened at $26.46 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The business’s 50-day moving average price is $28.09 and its 200-day moving average price is $27.20. The company has a market cap of $7.99 billion, a P/E ratio of 24.50, a P/E/G ratio of 3.58 and a beta of 1.59.

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

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.287 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.15 annualized dividend and a yield of 4.34%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

Insiders Place Their Bets

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

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.