SG Americas Securities LLC Sells 185,031 Shares of Brixmor Property Group Inc. (NYSE:BRX)

SG Americas Securities LLC lessened its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 88.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,108 shares of the real estate investment trust's stock after selling 185,031 shares during the period. SG Americas Securities LLC's holdings in Brixmor Property Group were worth $644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BRX. Canada Pension Plan Investment Board bought a new position in shares of Brixmor Property Group in the first quarter worth approximately $124,978,000. PGGM Investments raised its holdings in shares of Brixmor Property Group by 167.2% during the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust's stock valued at $86,847,000 after purchasing an additional 2,353,582 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Brixmor Property Group during the second quarter valued at approximately $49,546,000. Millennium Management LLC raised its holdings in shares of Brixmor Property Group by 35.5% during the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock valued at $132,443,000 after purchasing an additional 1,501,282 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of Brixmor Property Group during the first quarter valued at approximately $16,964,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.57 during mid-day trading on Tuesday, reaching $27.74. The stock had a trading volume of 1,524,541 shares, compared to its average volume of 2,310,770. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 4.43 and a beta of 1.57. Brixmor Property Group Inc. has a 12 month low of $19.55 and a 12 month high of $28.45. The business has a fifty day moving average of $27.01 and a 200 day moving average of $24.20. 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 posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share 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%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities analysts predict that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

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 given a dividend of $0.2725 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.93%. Brixmor Property Group's dividend payout ratio is 117.20%.

Insider Buying and Selling

In related news, 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 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Evercore ISI boosted their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an "in-line" rating in a report on Monday, September 16th. KeyCorp 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, August 7th. Wells Fargo & Company upped their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Finally, The Goldman Sachs Group upped their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.38.

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.