Brixmor Property Group Inc. (NYSE:BRX) is Presima Securities ULC’s 3rd Largest Position

Presima Securities ULC reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,392,268 shares of the real estate investment trust’s stock after selling 38,457 shares during the period. Brixmor Property Group accounts for about 9.5% of Presima Securities ULC’s investment portfolio, making the stock its 3rd biggest position. Presima Securities ULC owned about 0.46% of Brixmor Property Group worth $38,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Brixmor Property Group by 35.5% during the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock valued at $132,443,000 after purchasing an additional 1,501,282 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Brixmor Property Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock valued at $156,473,000 after acquiring an additional 44,485 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after purchasing an additional 159,388 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its position in shares of Brixmor Property Group by 44.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after buying an additional 959,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Brixmor Property Group by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock valued at $65,900,000 after buying an additional 79,778 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Performance

NYSE BRX opened at $26.46 on Friday. The stock’s fifty day moving average is $28.09 and its two-hundred day moving average is $27.20. The firm has a market capitalization of $7.99 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 3.58 and a beta of 1.59. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. On average, research analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued a dividend of $0.287 per share. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.34%. Brixmor Property Group’s payout ratio is currently 106.48%.

Insider Activity

In related 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 value of $738,500.00. Following the transaction, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BRX. Scotiabank upped their price objective on 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. Truist Financial lifted their price objective 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. KeyCorp raised their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, Mizuho increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.19.

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.