Vanderbilt University Decreases Position in Brixmor Property Group Inc. (NYSE:BRX)

Vanderbilt University decreased its position in Brixmor Property Group Inc. (NYSE:BRX) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 43,469 shares of the real estate investment trust’s stock after selling 1,333 shares during the period. Vanderbilt University’s holdings in Brixmor Property Group were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in shares of Brixmor Property Group during the 1st quarter valued at $124,978,000. PGGM Investments lifted its holdings in Brixmor Property Group by 167.2% during the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after purchasing an additional 2,353,582 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Brixmor Property Group during the second quarter worth about $49,546,000. Millennium Management LLC increased its stake in shares of Brixmor Property Group by 35.5% in the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock worth $132,443,000 after purchasing an additional 1,501,282 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of Brixmor Property Group in the first quarter valued at approximately $16,964,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now directly owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on BRX shares. Truist Financial raised their price objective on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Compass Point lifted their target price on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Evercore ISI increased their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Mizuho raised 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 report on Monday, August 19th. Finally, Scotiabank upped their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.38.

Brixmor Property Group Price Performance

NYSE:BRX traded up $0.37 during midday trading on Monday, hitting $27.84. The company had a trading volume of 197,721 shares, compared to its average volume of 2,272,933. The company has a market capitalization of $8.39 billion, a PE ratio of 29.54, a P/E/G ratio of 4.43 and a beta of 1.57. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group Inc. has a 52-week low of $19.88 and a 52-week high of $28.45. The stock’s fifty day moving average price is $27.46 and its 200-day moving average price is $24.55.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The firm had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

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.