Barclays PLC Has $5.81 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Barclays PLC cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 18.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,531 shares of the real estate investment trust's stock after selling 48,545 shares during the period. Barclays PLC owned approximately 0.07% of Brixmor Property Group worth $5,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zurich Insurance Group Ltd FI bought a new position in shares of Brixmor Property Group during the 2nd quarter valued at about $49,546,000. Canada Pension Plan Investment Board lifted its stake in Brixmor Property Group by 37.4% in the second quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust's stock valued at $169,131,000 after buying an additional 1,995,299 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Brixmor Property Group in the third quarter valued at approximately $46,695,000. Millennium Management LLC increased its position in shares of Brixmor Property Group by 35.5% during the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock worth $132,443,000 after acquiring an additional 1,501,282 shares in the last quarter. Finally, Brookfield Corp ON bought a new stake in shares of Brixmor Property Group during the third quarter worth $38,051,000. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Performance

Brixmor Property Group stock traded up $0.31 during trading hours on Friday, hitting $27.40. The company had a trading volume of 6,952,608 shares, compared to its average volume of 2,270,926. The firm has a 50-day moving average of $28.67 and a 200 day moving average of $26.42. 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 firm has a market cap of $8.28 billion, a PE ratio of 25.37, a PEG ratio of 3.96 and a beta of 1.58. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its 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 firm had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Brixmor Property Group's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a $0.287 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 4.19%. Brixmor Property Group's dividend payout ratio is 106.48%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of 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. Evercore ISI increased their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Scotiabank boosted their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, KeyCorp lifted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.96.

Insider Buying and Selling

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

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.