Pensionfund DSM Netherlands Trims Position in Brixmor Property Group Inc. (NYSE:BRX)

Pensionfund DSM Netherlands decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,000 shares of the real estate investment trust's stock after selling 20,000 shares during the period. Brixmor Property Group makes up approximately 1.7% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 18th largest position. Pensionfund DSM Netherlands' holdings in Brixmor Property Group were worth $2,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Everence Capital Management Inc. acquired a new position in Brixmor Property Group during the fourth quarter worth $235,000. GAMMA Investing LLC boosted its holdings in Brixmor Property Group by 14.3% in the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock valued at $141,000 after purchasing an additional 631 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Brixmor Property Group in the 3rd quarter valued at approximately $25,492,000. Tidal Investments LLC acquired a new stake in shares of Brixmor Property Group during the 3rd quarter worth approximately $472,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Brixmor Property Group during the 3rd quarter valued at approximately $385,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Brixmor Property Group stock traded down $0.68 during midday trading on Monday, hitting $26.91. 1,750,793 shares of the company's stock were exchanged, compared to its average volume of 1,793,864. The firm's 50 day simple moving average is $28.65 and its 200 day simple moving average is $26.88. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 3.96 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data 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). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.27%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group's dividend payout ratio (DPR) is presently 106.48%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BRX. Compass Point boosted their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Scotiabank increased their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Stifel Nicolaus upped their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the stock a "hold" rating in a research report on Tuesday, October 29th. KeyCorp increased their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Finally, Mizuho boosted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.19.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares of the company's stock, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is owned by company insiders.

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.