Zurich Insurance Group Ltd FI Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

Zurich Insurance Group Ltd FI purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 2,145,772 shares of the real estate investment trust's stock, valued at approximately $49,546,000. Zurich Insurance Group Ltd FI owned about 0.71% of Brixmor Property Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oliver Luxxe Assets LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth $851,000. Larson Financial Group LLC purchased a new position in shares of Brixmor Property Group in the 1st quarter worth $47,000. Schroder Investment Management Group grew its stake in shares of Brixmor Property Group by 4.9% in the 4th quarter. Schroder Investment Management Group now owns 1,904,192 shares of the real estate investment trust's stock worth $44,311,000 after buying an additional 89,445 shares in the last quarter. PGGM Investments grew its stake 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 worth $86,847,000 after buying an additional 2,353,582 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of Brixmor Property Group in the 1st quarter worth $16,964,000. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Trading Down 0.3 %

Brixmor Property Group stock traded down $0.07 during trading hours on Wednesday, hitting $27.82. The company had a trading volume of 1,268,400 shares, compared to its average volume of 2,328,502. The firm has a market cap of $8.38 billion, a P/E ratio of 29.94, a P/E/G ratio of 4.56 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $28.45. The company has a 50-day moving average price of $26.31 and a two-hundred day moving average price of $23.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a $0.2725 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a dividend yield of 3.92%. Brixmor Property Group's dividend payout ratio is currently 117.21%.

Insider Activity

In other news, insider Steven F. Siegel sold 10,000 shares of the business's stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven F. Siegel sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the insider now owns 360,004 shares of the company's stock, valued at approximately $8,640,096. The disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BRX. Mizuho lifted their price target 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. StockNews.com cut shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Truist Financial lifted their price target on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Finally, KeyCorp lifted their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.38.

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.