Brixmor Property Group Inc. (NYSE:BRX) Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 19.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,082 shares of the real estate investment trust's stock after selling 20,784 shares during the quarter. Nisa Investment Advisors LLC's holdings in Brixmor Property Group were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Brixmor Property Group by 2.8% during the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust's stock worth $337,000 after buying an additional 396 shares during the last quarter. Fifth Third Bancorp raised its position in Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 431 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Brixmor Property Group by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust's stock valued at $223,000 after purchasing an additional 481 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Brixmor Property Group by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust's stock valued at $4,961,000 after purchasing an additional 643 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of Brixmor Property Group by 0.8% during the 2nd quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust's stock worth $1,948,000 after purchasing an additional 659 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of analyst reports. Scotiabank increased their target price on Brixmor Property Group from $25.00 to $29.00 and gave the company a "sector outperform" rating in a report on Monday, August 26th. The Goldman Sachs Group lifted their price objective on Brixmor Property Group from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. StockNews.com lowered shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th. Evercore ISI raised their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a "hold" rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.54.

Insider Transactions at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group 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 transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.76% of the company's stock.

Brixmor Property Group Trading Up 0.6 %

Shares of BRX traded up $0.15 during trading hours on Friday, hitting $27.10. The stock had a trading volume of 1,985,390 shares, compared to its average volume of 2,066,925. Brixmor Property Group Inc. has a 12-month low of $20.69 and a 12-month high of $28.45. The firm has a market cap of $8.19 billion, a P/E ratio of 25.09, a P/E/G ratio of 4.39 and a beta of 1.57. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.50 and a current ratio of 1.38. The company's fifty day simple moving average is $27.54 and its 200 day simple moving average is $24.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The firm had revenue of $320.68 million during the quarter, compared to analysts' expectations of $320.22 million. During the same quarter last year, the business earned $0.50 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group's payout ratio is currently 100.93%.

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.