Amalgamated Bank Sells 9,386 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Amalgamated Bank lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 5.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 174,051 shares of the real estate investment trust’s stock after selling 9,386 shares during the quarter. Amalgamated Bank’s holdings in Brixmor Property Group were worth $4,019,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in 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 worth $1,070,794,000 after purchasing an additional 165,572 shares in the last quarter. Wellington Management Group LLP raised its position 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 worth $254,012,000 after purchasing an additional 394,158 shares in the last quarter. Centersquare Investment Management LLC raised its position in Brixmor Property Group by 13.6% in the fourth 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 in the last quarter. Canada Pension Plan Investment Board acquired a new position in Brixmor Property Group in the first quarter worth about $124,978,000. Finally, Dimensional Fund Advisors LP raised its position in Brixmor Property Group by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust’s stock worth $110,940,000 after purchasing an additional 396,242 shares in the last quarter. Institutional investors and hedge funds 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 the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the transaction, the director now directly owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Steven F. Siegel sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now owns 46,291 shares in the company, valued at $1,178,105.95. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.74 on Monday. Brixmor Property Group Inc. has a fifty-two week low of $19.46 and a fifty-two week high of $28.45. The firm has a market cap of $8.36 billion, a P/E ratio of 29.83, a P/E/G ratio of 4.78 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a 50 day simple moving average of $26.16 and a 200 day simple moving average of $23.66.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. During the same period in the previous year, the business posted $0.52 earnings per share. Brixmor Property Group’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.13 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 3.93%. Brixmor Property Group’s payout ratio is presently 117.20%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRX. Compass Point increased their price target on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Scotiabank raised their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Evercore ISI raised their price objective 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $28.38.

Brixmor Property Group Company 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.