Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 12.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,179 shares of the real estate investment trust's stock after buying an additional 24,022 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Brixmor Property Group worth $6,051,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRX. Canada Pension Plan Investment Board bought a new position in Brixmor Property Group during the first quarter valued at about $124,978,000. PGGM Investments grew its holdings in shares of Brixmor Property Group by 167.2% during the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust's stock worth $86,847,000 after buying an additional 2,353,582 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Brixmor Property Group in the second quarter valued at approximately $49,546,000. Millennium Management LLC raised its holdings 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 purchasing an additional 1,501,282 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $16,964,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on Brixmor Property Group from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Mizuho increased their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Wells Fargo & Company lifted their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Finally, Piper Sandler reissued an "overweight" rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.54.

Insider Buying and Selling

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Price Performance

BRX stock traded up $0.42 during trading hours on Friday, hitting $28.82. 1,018,546 shares of the stock traded hands, compared to its average volume of 2,293,474. Brixmor Property Group Inc. has a one year low of $20.69 and a one year high of $28.90. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock has a 50-day simple moving average of $27.62 and a 200 day simple moving average of $24.91. The company has a market cap of $8.71 billion, a P/E ratio of 26.31, a P/E/G ratio of 4.56 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group's payout ratio is 100.93%.

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.