Harbour Capital Advisors LLC Acquires Shares of 25,660 Brixmor Property Group Inc. (NYSE:BRX)

Harbour Capital Advisors LLC bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,660 shares of the real estate investment trust's stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BRX. Canada Pension Plan Investment Board bought a new position in Brixmor Property Group during the first quarter worth about $124,978,000. PGGM Investments grew its stake in 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 acquiring an additional 2,353,582 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Brixmor Property Group during the second quarter valued at approximately $49,546,000. Millennium Management LLC grew its stake in 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 acquiring an additional 1,501,282 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of Brixmor Property Group in the first quarter worth $16,964,000. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on Brixmor Property Group from $24.00 to $25.50 and gave the stock a "hold" rating in a research report on Tuesday, July 30th. Wells Fargo & Company increased their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Compass Point raised their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Finally, Truist Financial raised their price target on Brixmor Property Group from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.38.

Brixmor Property Group Stock Up 1.9 %

Shares of BRX traded up $0.54 during mid-day trading on Friday, reaching $28.35. The company had a trading volume of 1,832,537 shares, compared to its average volume of 2,300,006. 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 firm has a 50-day moving average price of $27.17 and a 200 day moving average price of $24.28. Brixmor Property Group Inc. has a 52 week low of $19.55 and a 52 week high of $28.45. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $315.69 million during the quarter, compared to analysts' expectations of $317.75 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Brixmor Property Group's revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts forecast 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 was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.2725 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 3.84%. Brixmor Property Group's dividend payout ratio is presently 117.20%.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business'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 sale, the director now owns 46,291 shares of the company's stock, valued at $1,178,105.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.76% of the company's stock.

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.