OVERSEA CHINESE BANKING Corp Ltd Purchases 33,506 Shares of Brixmor Property Group Inc. $BRX

OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 28.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,671 shares of the real estate investment trust’s stock after acquiring an additional 33,506 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Brixmor Property Group were worth $3,897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC raised its stake in Brixmor Property Group by 0.9% during the 2nd quarter. Ingalls & Snyder LLC now owns 112,870 shares of the real estate investment trust’s stock worth $2,939,000 after acquiring an additional 1,058 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Brixmor Property Group by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 338,513 shares of the real estate investment trust’s stock worth $8,815,000 after acquiring an additional 5,131 shares during the period. Asset Management One Co. Ltd. raised its stake in Brixmor Property Group by 3.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 459,661 shares of the real estate investment trust’s stock worth $11,970,000 after acquiring an additional 14,967 shares during the period. First Citizens Bank & Trust Co. raised its stake in Brixmor Property Group by 259.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 39,755 shares of the real estate investment trust’s stock worth $1,035,000 after acquiring an additional 28,693 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in Brixmor Property Group by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 182,040 shares of the real estate investment trust’s stock worth $4,659,000 after acquiring an additional 1,051 shares during the period. Institutional investors own 98.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the sale, the insider owned 302,657 shares in the company, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the topic of several recent analyst reports. Mizuho lifted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday. Scotiabank lifted their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, September 15th. Evercore ISI lifted their price objective on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $30.75.

Brixmor Property Group Trading Up 0.8%

Shares of BRX opened at $28.19 on Monday. The company’s fifty day moving average is $27.50 and its 200 day moving average is $26.29. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The stock has a market capitalization of $8.63 billion, a PE ratio of 25.62, a P/E/G ratio of 2.66 and a beta of 1.33. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $332.59 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. Brixmor Property Group’s quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.