Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP cut its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 30.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,862 shares of the real estate investment trust's stock after selling 36,745 shares during the quarter. Cinctive Capital Management LP's holdings in Brixmor Property Group were worth $2,392,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ascent Group LLC acquired a new stake in shares of Brixmor Property Group during the third quarter worth $241,000. Bamco Inc. NY acquired a new position in shares of Brixmor Property Group in the third quarter valued at about $7,109,000. Kestra Investment Management LLC purchased a new position in shares of Brixmor Property Group in the third quarter worth about $337,000. Point72 Hong Kong Ltd lifted its holdings in shares of Brixmor Property Group by 30.9% during the third quarter. Point72 Hong Kong Ltd now owns 9,690 shares of the real estate investment trust's stock worth $270,000 after purchasing an additional 2,290 shares during the period. Finally, Edgestream Partners L.P. boosted its position in Brixmor Property Group by 35.2% in the third quarter. Edgestream Partners L.P. now owns 233,967 shares of the real estate investment trust's stock valued at $6,518,000 after buying an additional 60,899 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Price Performance

BRX traded down $0.08 during midday trading on Tuesday, hitting $29.69. 641,882 shares of the company traded hands, compared to its average volume of 2,254,711. The business 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 52-week low of $20.80 and a 52-week high of $30.67. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed 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. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 3.87%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group's dividend payout ratio is currently 100.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Compass Point boosted their price objective on Brixmor Property Group from $28.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. StockNews.com lowered Brixmor Property Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th. Evercore ISI boosted 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. Finally, Mizuho raised their price objective on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently 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 Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.76% of the stock is currently owned by insiders.

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.