Healthcare of Ontario Pension Plan Trust Fund Invests $6.23 Million in Brixmor Property Group Inc. (NYSE:BRX)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 223,600 shares of the real estate investment trust’s stock, valued at approximately $6,229,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.07% of Brixmor Property Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares during the period. Blue Trust Inc. increased its stake in Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,007 shares during the period. Maryland Capital Advisors Inc. acquired a new position in Brixmor Property Group in the 3rd quarter worth $46,000. Abich Financial Wealth Management LLC boosted its position in Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 775 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 431 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is currently owned by insiders.

Brixmor Property Group Price Performance

BRX opened at $30.10 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The company’s 50-day moving average price is $28.19 and its 200 day moving average price is $25.68. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 4.14 and a beta of 1.57.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is 100.93%.

Analyst Ratings Changes

Several research analysts recently commented on BRX shares. Compass Point boosted their price target on Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Mizuho increased their target price on Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Evercore ISI lifted their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company upped their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.38.

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.