Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 588,100 shares of the real estate investment trust’s stock after selling 5,300 shares during the period. Swiss National Bank’s holdings in Brixmor Property Group were worth $16,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Creative Planning grew its stake in Brixmor Property Group by 2.8% in the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after acquiring an additional 396 shares during the last quarter. Fifth Third Bancorp grew its stake in Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 431 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Brixmor Property Group by 5.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 481 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Brixmor Property Group by 0.4% in the 3rd 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 acquiring an additional 643 shares during the last quarter. Finally, Truist Financial Corp grew its stake in Brixmor Property Group by 0.8% in the 2nd quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock valued at $1,948,000 after acquiring an additional 659 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

Brixmor Property Group Trading Up 0.3 %

Shares of BRX stock opened at $29.83 on Friday. 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. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.99. The firm’s 50 day moving average price is $27.97 and its two-hundred day moving average price is $25.40.

Brixmor Property Group (NYSE:BRX) last announced 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 business had revenue of $320.68 million for 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 company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared 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. This represents a $1.15 dividend on an annualized basis and a yield of 3.85%. This is a boost 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 payout ratio is 106.48%.

Analyst Ratings Changes

A number of equities research analysts recently commented on BRX shares. Mizuho increased their price objective on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Scotiabank upped 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. The Goldman Sachs Group upped their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, KeyCorp upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

Brixmor Property Group 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.