First Citizens Bank & Trust Co. Acquires 1,472 Shares of Brixmor Property Group Inc. (NYSE:BRX)

First Citizens Bank & Trust Co. grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 15.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,997 shares of the real estate investment trust’s stock after buying an additional 1,472 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Brixmor Property Group were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BRX. Glenmede Trust Co. NA raised its holdings in Brixmor Property Group by 222.1% in the 3rd 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 during the period. Vestcor Inc purchased a new position in Brixmor Property Group in the 3rd quarter worth approximately $776,000. Charles Schwab Investment Management Inc. boosted its position in shares of Brixmor Property Group by 3.3% during the third 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 acquiring an additional 159,388 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Brixmor Property Group by 95.0% during 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 purchasing an additional 12,593 shares during the last quarter. Finally, Natixis Advisors LLC grew 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 buying an additional 36,823 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

BRX has been the topic of several analyst reports. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Mizuho increased their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial lifted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Scotiabank increased their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Finally, Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.19.

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 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 in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.76% of the stock is currently owned by company insiders.

Brixmor Property Group Stock Performance

BRX opened at $26.54 on Wednesday. The company has a market cap of $8.02 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 3.58 and a beta of 1.59. 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 firm’s 50-day moving average price is $27.98 and its 200-day moving average price is $27.31. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67.

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 (EPS) 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 analysts’ expectations 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 quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. As a group, equities analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.