Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,477 shares of the real estate investment trust's stock after buying an additional 36,823 shares during the quarter. Natixis Advisors LLC's holdings in Brixmor Property Group were worth $4,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BRX. UMB Bank n.a. raised its stake in Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 723 shares during the last quarter. Blue Trust Inc. raised its position in shares of Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,007 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new position in shares of Brixmor Property Group in the third quarter worth about $46,000. Abich Financial Wealth Management LLC boosted its position in Brixmor Property Group by 50.7% during the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 775 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

NYSE:BRX traded up $0.10 during mid-day trading on Friday, reaching $29.83. 1,351,495 shares of the stock were exchanged, compared to its average volume of 2,181,887. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $29.99. The company has a 50 day simple moving average of $28.01 and a 200-day simple moving average of $25.50. The stock has a market capitalization of $9.01 billion, a P/E ratio of 27.62, a P/E/G ratio of 4.05 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). The company had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be given a dividend of $0.287 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.85%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. Brixmor Property Group's dividend payout ratio (DPR) is 100.93%.

Insiders Place Their Bets

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 of the company's stock, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BRX has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price target 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. Scotiabank increased their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 26th. Compass Point increased 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.13.

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.