Brixmor Property Group Inc. (NYSE:BRX) Holdings Trimmed by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 24.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 519,900 shares of the real estate investment trust's stock after selling 165,835 shares during the period. Ceredex Value Advisors LLC owned 0.17% of Brixmor Property Group worth $14,484,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new position in shares of Brixmor Property Group in the 1st quarter worth about $124,978,000. PGGM Investments raised its holdings 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 worth $86,847,000 after purchasing an additional 2,353,582 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of Brixmor Property Group in the 2nd quarter worth about $49,546,000. Millennium Management LLC raised its holdings in shares of Brixmor Property Group by 35.5% in 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 purchasing an additional 1,501,282 shares during the period. Finally, 1832 Asset Management L.P. purchased a new position in shares of Brixmor Property Group in the 1st quarter worth about $16,964,000. 98.43% of the stock is owned by institutional investors and hedge funds.

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 stock was 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 directly owns 46,291 shares in the company, valued at $1,178,105.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price objective on Brixmor Property Group from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Piper Sandler reiterated an "overweight" rating and set a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Stifel Nicolaus raised their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, KeyCorp raised their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.54.

Brixmor Property Group Stock Performance

Shares of BRX stock traded up $0.15 on Friday, hitting $27.10. 1,985,390 shares of the stock traded hands, compared to its average volume of 2,289,510. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.50. The company has a market capitalization of $8.19 billion, a PE ratio of 25.10, a PEG ratio of 4.51 and a beta of 1.57. Brixmor Property Group Inc. has a 1-year low of $20.69 and a 1-year high of $28.45. The company's fifty day moving average is $27.54 and its 200 day moving average is $24.71.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.21). The firm had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group's dividend payout ratio is presently 106.48%.

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.