LDR Capital Management LLC Sells 34,673 Shares of Brixmor Property Group Inc. (NYSE:BRX)

LDR Capital Management LLC trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 26.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,314 shares of the real estate investment trust's stock after selling 34,673 shares during the period. Brixmor Property Group comprises 3.0% of LDR Capital Management LLC's portfolio, making the stock its 13th largest position. LDR Capital Management LLC's holdings in Brixmor Property Group were worth $2,711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Brixmor Property Group by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust's stock worth $1,070,794,000 after purchasing an additional 165,572 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Brixmor Property Group by 37.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust's stock worth $169,131,000 after acquiring an additional 1,995,299 shares during the period. Millennium Management LLC grew its holdings in shares of Brixmor Property Group by 35.5% during the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock worth $132,443,000 after acquiring an additional 1,501,282 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Brixmor Property Group by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust's stock worth $110,940,000 after acquiring an additional 396,242 shares in the last quarter. Finally, PGGM Investments lifted its stake in shares of Brixmor Property Group by 167.2% in the 2nd 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 period. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on BRX shares. 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 research report on Monday, August 26th. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $24.00 to $25.50 and gave the company a "hold" rating in a research report on Tuesday, July 30th. StockNews.com cut shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th. Mizuho lifted their target price 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. Finally, 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 research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.38.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded up $0.04 during trading hours on Tuesday, hitting $27.94. The company's stock had a trading volume of 1,484,182 shares, compared to its average volume of 2,295,817. 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 Inc. has a 12-month low of $19.55 and a 12-month high of $28.45. The business has a 50 day moving average price of $27.29 and a two-hundred day moving average price of $24.39. The company has a market cap of $8.42 billion, a PE ratio of 30.01, a PEG ratio of 4.43 and a beta of 1.57.

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 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.29). The business had revenue of $315.69 million during the quarter, compared to analysts' expectations of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. Analysts expect that Brixmor Property Group Inc. will post 2.13 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brixmor Property Group's payout ratio is currently 117.20%.

Insider Buying and Selling at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.76% of the company's stock.

Brixmor Property Group Company 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.