Renaissance Technologies LLC Sells 29,700 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Renaissance Technologies LLC lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 25.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,000 shares of the real estate investment trust's stock after selling 29,700 shares during the period. Renaissance Technologies LLC's holdings in Brixmor Property Group were worth $2,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Brixmor Property Group by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust's stock worth $110,940,000 after purchasing an additional 396,242 shares during the period. Envestnet Asset Management Inc. increased its stake in Brixmor Property Group by 10.0% in the second quarter. Envestnet Asset Management Inc. now owns 283,351 shares of the real estate investment trust's stock valued at $6,543,000 after acquiring an additional 25,684 shares during the last quarter. Federated Hermes Inc. lifted its stake in Brixmor Property Group by 3.3% during the second quarter. Federated Hermes Inc. now owns 32,955 shares of the real estate investment trust's stock worth $761,000 after purchasing an additional 1,058 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Brixmor Property Group by 403.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 490,499 shares of the real estate investment trust's stock valued at $11,326,000 after purchasing an additional 392,978 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Brixmor Property Group by 17.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 309,381 shares of the real estate investment trust's stock worth $7,144,000 after buying an additional 46,303 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Trading Down 0.5 %

NYSE BRX traded down $0.14 during trading hours on Thursday, hitting $27.31. 1,235,399 shares of the company's stock were exchanged, compared to its average volume of 2,314,415. Brixmor Property Group Inc. has a 1-year low of $19.55 and a 1-year high of $28.45. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. The stock has a 50-day simple moving average of $26.68 and a 200 day simple moving average of $23.94. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 4.56 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results 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). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The business's quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.99%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group's payout ratio is currently 117.20%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BRX. Wells Fargo & Company lifted their target price on 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. The Goldman Sachs Group boosted their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Brixmor Property Group from $24.00 to $25.50 and gave the stock a "hold" rating in a report on Tuesday, July 30th. Scotiabank raised their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the company a "sector outperform" rating in a report on Monday, August 26th. Finally, KeyCorp increased their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Five 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, Brixmor Property Group has an average rating of "Moderate Buy" and a consensus price target of $28.38.

Insider Buying and Selling at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company'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 sale, 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Steven F. Siegel sold 10,000 shares of the company'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 value of $240,000.00. Following the completion of the transaction, the insider now directly owns 360,004 shares of the company's stock, valued at $8,640,096. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the transaction, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

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.