Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Perpetual Ltd

Perpetual Ltd lowered its position in Brixmor Property Group Inc. (NYSE:BRX) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,060 shares of the real estate investment trust’s stock after selling 4,170 shares during the quarter. Perpetual Ltd’s holdings in Brixmor Property Group were worth $1,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Brixmor Property Group by 35.5% in the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock valued at $132,443,000 after buying an additional 1,501,282 shares during the period. Geode Capital Management LLC grew its position in Brixmor Property Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock worth $156,473,000 after acquiring an additional 44,485 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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. Zurich Insurance Group Ltd FI raised its position in 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 purchasing an additional 959,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Brixmor Property Group by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock valued at $65,900,000 after purchasing an additional 79,778 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. KeyCorp boosted their price target on shares of 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 upped their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Truist Financial lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Stifel Nicolaus upped their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.19.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following 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 legal filing with the SEC, which can be accessed through this link. 0.76% of the stock is owned by insiders.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $25.91 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 3.63 and a beta of 1.59. The stock’s 50-day moving average is $28.18 and its two-hundred day moving average is $27.18. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued 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). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. Analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued a $0.287 dividend. This represents a $1.15 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is 106.48%.

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.