AQR Capital Management LLC Buys 182,566 Shares of Brixmor Property Group Inc. (NYSE:BRX)

AQR Capital Management LLC raised its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 33.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,619 shares of the real estate investment trust's stock after acquiring an additional 182,566 shares during the quarter. AQR Capital Management LLC owned approximately 0.24% of Brixmor Property Group worth $16,658,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BRX. Canada Pension Plan Investment Board purchased a new position in Brixmor Property Group in the first quarter valued at about $124,978,000. PGGM Investments increased its holdings in Brixmor Property Group by 167.2% in the second 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 during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Brixmor Property Group in the second quarter worth approximately $49,546,000. Balyasny Asset Management L.P. raised its position in Brixmor Property Group by 44.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,618,441 shares of the real estate investment trust's stock valued at $60,931,000 after acquiring an additional 811,423 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in Brixmor Property Group in the first quarter valued at approximately $16,964,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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. StockNews.com downgraded Brixmor Property Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Wells Fargo & Company raised their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Truist Financial upped their target price on Brixmor Property Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Finally, Mizuho lifted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and an average target price of $28.38.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the insider now directly owns 360,004 shares in the company, valued at approximately $8,640,096. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Steven F. Siegel sold 10,000 shares of the firm'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 completion of the transaction, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the company's stock in a transaction on 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 owns 46,291 shares in the company, valued at $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Brixmor Property Group Stock Performance

Shares of BRX traded down $0.42 during trading hours on Wednesday, reaching $27.44. 2,029,028 shares of the company traded hands, compared to its average volume of 2,320,091. Brixmor Property Group Inc. has a 1-year low of $19.46 and a 1-year high of $28.45. The stock has a market cap of $8.27 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 4.56 and a beta of 1.57. The stock's fifty day moving average is $26.62 and its 200 day moving average is $23.92. 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 (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.29). The firm had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. Brixmor Property Group's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. Equities research analysts anticipate that Brixmor Property Group Inc. will post 2.13 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group's dividend payout ratio is 117.20%.

Brixmor Property Group 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.