Presima Securities ULC Sells 217,283 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Presima Securities ULC lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 13.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,430,725 shares of the real estate investment trust's stock after selling 217,283 shares during the quarter. Brixmor Property Group comprises about 8.8% of Presima Securities ULC's portfolio, making the stock its 2nd largest position. Presima Securities ULC owned about 0.47% of Brixmor Property Group worth $39,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 723 shares during the period. Blue Trust Inc. lifted its holdings in shares of Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,007 shares during the period. Larson Financial Group LLC acquired a new position in shares of Brixmor Property Group in the 1st quarter valued at about $47,000. Abich Financial Wealth Management LLC lifted its holdings in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 775 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 431 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Insider Activity

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

BRX has been the subject of a number of analyst reports. Evercore ISI upped their price target on Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. JPMorgan Chase & Co. upped their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Mizuho upped their price target on Brixmor Property Group from $23.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Scotiabank upped their price target on Brixmor Property Group from $25.00 to $29.00 and gave the stock a "sector outperform" rating in a report on Monday, August 26th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $33.00 price target (up previously from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average target price of $28.38.

Brixmor Property Group Price Performance

Shares of BRX stock traded down $0.09 during trading hours on Thursday, reaching $27.81. The company had a trading volume of 1,515,586 shares, compared to its average volume of 2,302,332. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a fifty day moving average of $27.06 and a 200-day moving average of $24.23. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 29.95, 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.

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 (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%. Brixmor Property Group's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were given a $0.2725 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.92%. Brixmor Property Group's dividend payout ratio (DPR) is presently 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.