OVERSEA CHINESE BANKING Corp Ltd Has $5.50 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 65.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,574 shares of the real estate investment trust's stock after buying an additional 78,236 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.07% of Brixmor Property Group worth $5,504,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC grew its stake in Brixmor Property Group by 26.8% in the third quarter. Los Angeles Capital Management LLC now owns 60,039 shares of the real estate investment trust's stock worth $1,673,000 after purchasing an additional 12,700 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Brixmor Property Group by 6.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 310,899 shares of the real estate investment trust's stock valued at $8,662,000 after acquiring an additional 19,413 shares in the last quarter. Assetmark Inc. lifted its stake in Brixmor Property Group by 5.4% during the third quarter. Assetmark Inc. now owns 28,312 shares of the real estate investment trust's stock worth $789,000 after purchasing an additional 1,456 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Brixmor Property Group by 22.9% in the third quarter. QRG Capital Management Inc. now owns 13,763 shares of the real estate investment trust's stock worth $383,000 after purchasing an additional 2,567 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Brixmor Property Group by 12.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 217,179 shares of the real estate investment trust's stock valued at $6,051,000 after purchasing an additional 24,022 shares during the last quarter. 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 firm's stock in a transaction 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 transaction, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BRX shares. Scotiabank lifted their price objective on shares of 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. Truist Financial lifted their target price on Brixmor Property Group from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Wells Fargo & Company increased their price target on Brixmor Property Group from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. The Goldman Sachs Group lifted their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, StockNews.com lowered shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.88.

Brixmor Property Group Price Performance

NYSE BRX traded down $0.17 on Tuesday, hitting $28.80. 614,179 shares of the company were exchanged, compared to its average volume of 2,285,371. Brixmor Property Group Inc. has a 1-year low of $20.69 and a 1-year high of $29.19. The firm has a 50 day moving average of $27.68 and a two-hundred day moving average of $25.05. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a market cap of $8.70 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.92 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). The company had revenue of $320.68 million during 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 for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. The ex-dividend date is Friday, January 3rd. 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 3.99%. Brixmor Property Group's dividend payout ratio is presently 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.