Victory Capital Management Inc. Has $6.90 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Victory Capital Management Inc. raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 57.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,704 shares of the real estate investment trust’s stock after purchasing an additional 109,149 shares during the quarter. Victory Capital Management Inc. owned 0.10% of Brixmor Property Group worth $6,897,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Brixmor Property Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock valued at $1,070,794,000 after buying an additional 165,572 shares during the period. Wellington Management Group LLP increased its holdings in Brixmor Property Group by 3.7% in the fourth quarter. Wellington Management Group LLP now owns 10,915,844 shares of the real estate investment trust’s stock valued at $254,012,000 after purchasing an additional 394,158 shares during the period. Centersquare Investment Management LLC raised its position in Brixmor Property Group by 13.6% during the 4th quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock worth $197,049,000 after purchasing an additional 1,016,209 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Brixmor Property Group during the 1st quarter worth about $124,978,000. Finally, PGGM Investments increased its stake in shares of Brixmor Property Group by 167.2% in 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 buying an additional 2,353,582 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BRX shares. Evercore ISI lifted their price objective on Brixmor Property Group from $26.00 to $27.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Truist Financial increased their price objective on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Scotiabank increased their price target on Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.29.

Insider Buying and Selling

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Brixmor Property Group Stock Up 2.0 %

Shares of NYSE:BRX opened at $28.02 on Monday. The firm has a market cap of $8.44 billion, a P/E ratio of 30.13, a PEG ratio of 4.78 and a beta of 1.57. Brixmor Property Group Inc. has a 52-week low of $19.46 and a 52-week high of $28.08. The business’s 50 day simple moving average is $25.66 and its two-hundred day simple moving average is $23.47. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50.

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

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s payout ratio is presently 117.21%.

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.