Brixmor Property Group Inc. (NYSE:BRX) Holdings Decreased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 79.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,552 shares of the real estate investment trust’s stock after selling 389,947 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Brixmor Property Group were worth $2,801,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 723 shares during the last quarter. Blue Trust Inc. lifted its holdings in Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,007 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in Brixmor Property Group in the third quarter worth about $46,000. Abich Financial Wealth Management LLC boosted its position in Brixmor Property Group by 50.7% during 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 purchasing an additional 775 shares during the period. Finally, Fifth Third Bancorp grew its position 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 worth $62,000 after acquiring an additional 431 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s 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 completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BRX shares. Evercore ISI lifted their price target on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank raised their price target on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Compass Point increased their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $29.38.

Brixmor Property Group Stock Up 0.3 %

Shares of NYSE:BRX opened at $30.37 on Thursday. The firm has a 50 day simple moving average of $28.09 and a 200 day simple moving average of $25.61. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week 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 company has a market cap of $9.17 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 4.09 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last released its 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 business had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Brixmor Property Group’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.78%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is 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.