Point72 Asset Management L.P. Purchases New Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Point72 Asset Management L.P. bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 503,500 shares of the real estate investment trust's stock, valued at approximately $11,626,000. Point72 Asset Management L.P. owned approximately 0.17% of Brixmor Property Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BRX. Blue Trust Inc. lifted its position in Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,007 shares in the last quarter. Quarry LP purchased a new position in Brixmor Property Group during the fourth quarter worth approximately $40,000. Larson Financial Group LLC purchased a new position in Brixmor Property Group during the first quarter worth approximately $47,000. Abich Financial Wealth Management LLC lifted 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 buying an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock worth $62,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the sale, the director now directly owns 46,291 shares of the company's stock, valued at approximately $1,178,105.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Steven F. Siegel sold 10,000 shares of the business's stock in a transaction dated Tuesday, July 16th. The stock was 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 directly owns 360,004 shares of the company's stock, valued at approximately $8,640,096. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the sale, the director now directly owns 46,291 shares of the company's stock, valued at $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Brixmor Property Group Stock Performance

NYSE:BRX remained flat at $27.86 during midday trading on Tuesday. The company had a trading volume of 2,731,532 shares, compared to its average volume of 2,321,631. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 4.56 and a beta of 1.57. The business's 50-day simple moving average is $26.55 and its two-hundred day simple moving average is $23.88. Brixmor Property Group Inc. has a 52-week low of $19.46 and a 52-week high of $28.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50.

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

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 3.91%. Brixmor Property Group's dividend payout ratio (DPR) is presently 117.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Brixmor Property Group from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Compass Point raised their target price on Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Scotiabank raised their target price on Brixmor Property Group from $25.00 to $29.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 26th. Finally, Truist Financial raised their target price on Brixmor Property Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average target price 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.