BNP Paribas Financial Markets Increases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

BNP Paribas Financial Markets boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 224.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,874 shares of the real estate investment trust's stock after acquiring an additional 182,541 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Brixmor Property Group worth $7,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board increased its holdings in Brixmor Property Group by 37.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust's stock worth $169,131,000 after purchasing an additional 1,995,299 shares during the period. Millennium Management LLC increased its stake 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 valued at $132,443,000 after buying an additional 1,501,282 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Brixmor Property Group by 3.3% in 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 period. Dimensional Fund Advisors LP grew its holdings in Brixmor Property Group by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust's stock worth $110,940,000 after acquiring an additional 396,242 shares in the last quarter. Finally, PGGM Investments raised its holdings in shares of Brixmor Property Group by 167.2% in the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust's stock valued at $86,847,000 after purchasing an additional 2,353,582 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX traded down $0.05 during midday trading on Tuesday, reaching $29.72. 786,065 shares of the stock were exchanged, compared to its average volume of 2,255,200. 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 has a 50-day simple moving average of $28.27 and a two-hundred day simple moving average of $25.84. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. As a group, analysts anticipate 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 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 3.86%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group's dividend payout ratio is 100.93%.

Analyst Ratings Changes

BRX has been the subject of several recent analyst reports. Mizuho raised their price target on Brixmor Property Group from $23.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Compass Point lifted their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Stifel Nicolaus upped their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a "hold" rating in a research note on Tuesday, October 29th. Scotiabank lifted their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 25th. Finally, Evercore ISI upped their target price on Brixmor Property Group from $27.00 to $28.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.38.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on 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 directly owns 315,004 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. 0.76% of the stock is owned by insiders.

Brixmor Property Group Company 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.