Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 37.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,918 shares of the real estate investment trust's stock after selling 111,786 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Brixmor Property Group worth $5,208,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BRX. O Shaughnessy Asset Management LLC boosted its stake in shares of Brixmor Property Group by 6.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 42,205 shares of the real estate investment trust's stock worth $990,000 after purchasing an additional 2,437 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in Brixmor Property Group in the 1st quarter valued at $16,964,000. Lazard Asset Management LLC boosted its holdings in shares of Brixmor Property Group by 1.7% during the first quarter. Lazard Asset Management LLC now owns 245,697 shares of the real estate investment trust's stock worth $5,761,000 after purchasing an additional 3,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Brixmor Property Group by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust's stock worth $6,366,000 after purchasing an additional 14,748 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in Brixmor Property Group in the 1st quarter worth about $322,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BRX. Scotiabank boosted their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a "sector outperform" rating in a report on Monday, August 26th. KeyCorp raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Wells Fargo & Company boosted their target price on Brixmor Property Group from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Piper Sandler reaffirmed an "overweight" rating and set a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Finally, Compass Point boosted their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.13.

Brixmor Property Group Stock Up 0.3 %

BRX traded up $0.10 on Friday, reaching $29.83. The company's stock had a trading volume of 1,351,495 shares, compared to its average volume of 2,181,887. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $29.99. The business's 50 day moving average is $27.97 and its 200 day moving average is $25.40. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 4.05 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 (EPS) 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 the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $0.287 dividend. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group's payout ratio is currently 100.93%.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is currently owned by 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.