JPMorgan Chase & Co. Decreases Holdings in Brixmor Property Group Inc. (NYSE:BRX)

JPMorgan Chase & Co. lessened its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 50.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,764,686 shares of the real estate investment trust's stock after selling 3,908,824 shares during the quarter. JPMorgan Chase & Co. owned 1.25% of Brixmor Property Group worth $104,884,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BRX. Wolverine Asset Management LLC acquired a new position in Brixmor Property Group during the second quarter valued at $494,000. Victory Capital Management Inc. boosted its stake in shares of Brixmor Property Group by 57.6% in the second quarter. Victory Capital Management Inc. now owns 298,704 shares of the real estate investment trust's stock worth $6,897,000 after buying an additional 109,149 shares during the last quarter. Arizona State Retirement System grew its holdings in Brixmor Property Group by 2.1% during the second quarter. Arizona State Retirement System now owns 84,348 shares of the real estate investment trust's stock worth $1,948,000 after acquiring an additional 1,737 shares during the period. Los Angeles Capital Management LLC purchased a new position in Brixmor Property Group during the second quarter valued at approximately $1,093,000. Finally, tru Independence LLC lifted its holdings in Brixmor Property Group by 4.8% in the second quarter. tru Independence LLC now owns 130,720 shares of the real estate investment trust's stock valued at $3,018,000 after acquiring an additional 5,960 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analyst Weigh In

BRX has been the subject of several recent research reports. Mizuho lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Evercore ISI cut their price target on Brixmor Property Group from $32.00 to $31.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Compass Point upped their price target on Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Scotiabank upped their target price on 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. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.19.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.76% of the company's stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded down $0.31 during midday trading on Thursday, hitting $27.53. The company had a trading volume of 2,242,989 shares, compared to its average volume of 2,254,013. The business's 50-day simple moving average is $28.65 and its 200-day simple moving average is $26.78. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 3.96 and a beta of 1.58. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same period in the previous year, the firm posted $0.50 EPS. The company's revenue was up 4.3% compared to the same quarter last year. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. 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. This represents a $1.15 annualized dividend and a yield of 4.17%. Brixmor Property Group's dividend payout ratio (DPR) is 106.48%.

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.