10,982 Shares in Brixmor Property Group Inc. (NYSE:BRX) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,982 shares of the real estate investment trust’s stock, valued at approximately $254,000.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. increased its stake in Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares in the last quarter. Quarry LP purchased a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $40,000. Larson Financial Group LLC purchased a new position in shares of Brixmor Property Group in the first quarter worth approximately $47,000. Abich Financial Wealth Management LLC lifted its position in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of 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 in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BRX has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. KeyCorp lifted their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $33.00 price objective (up from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Finally, 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 research report on Monday, September 16th. 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.38.

Brixmor Property Group Price Performance

Shares of BRX opened at $27.37 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $8.25 billion, a PE ratio of 29.43, a PEG ratio of 4.56 and a beta of 1.57. The firm’s 50 day moving average price is $26.43 and its 200 day moving average price is $23.79. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $28.45.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results 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 business had revenue of $315.69 million for the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a dividend yield of 3.98%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.20%.

Insider Activity

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

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.