Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. trimmed its position in Brixmor Property Group Inc. (NYSE:BRX) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,356,079 shares of the real estate investment trust’s stock after selling 113,024 shares during the period. Brixmor Property Group makes up about 1.4% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 21st largest holding. Duff & Phelps Investment Management Co. owned 1.44% of Brixmor Property Group worth $121,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Brixmor Property Group by 1.2% during the third quarter. Public Employees Retirement System of Ohio now owns 547,344 shares of the real estate investment trust’s stock valued at $15,249,000 after buying an additional 6,514 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Brixmor Property Group by 0.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 392,418 shares of the real estate investment trust’s stock valued at $10,933,000 after purchasing an additional 1,030 shares during the last quarter. XTX Topco Ltd acquired a new position in Brixmor Property Group in the third quarter worth approximately $669,000. Zurich Insurance Group Ltd FI increased its holdings in shares of Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after buying an additional 959,000 shares in the last quarter. Finally, Brookfield Corp ON acquired a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $38,051,000. 98.43% of the stock is owned by institutional investors.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Wells Fargo & Company lifted their price target on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Mizuho boosted their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Friday. Finally, KeyCorp lifted their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.65.

Brixmor Property Group Stock Up 0.8 %

Brixmor Property Group stock opened at $29.74 on Monday. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $8.98 billion, a PE ratio of 27.54, a P/E/G ratio of 4.05 and a beta of 1.58. The firm’s 50 day moving average price is $28.44 and its two-hundred day moving average price is $26.05.

Brixmor Property Group (NYSE:BRX) last posted its quarterly 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 during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. On average, research analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.86%. This is a positive change 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 currently 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.