Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Caxton Associates LP

Caxton Associates LP increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 160.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 35,747 shares of the real estate investment trust’s stock after purchasing an additional 22,014 shares during the quarter. Caxton Associates LP’s holdings in Brixmor Property Group were worth $825,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BRX. Canada Pension Plan Investment Board purchased a new position in shares of Brixmor Property Group during the 1st quarter worth $124,978,000. PGGM Investments lifted its position in 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 last quarter. Zurich Insurance Group Ltd FI purchased a new position in Brixmor Property Group during the second quarter worth about $49,546,000. Centersquare Investment Management LLC boosted its stake in Brixmor Property Group by 13.6% during 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 buying an additional 1,016,209 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in shares of Brixmor Property Group by 44.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,618,441 shares of the real estate investment trust’s stock valued at $60,931,000 after acquiring an additional 811,423 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.37 on Friday. The business has a 50-day simple moving average of $26.43 and a 200-day simple moving average of $23.79. 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 Inc. has a one year low of $19.46 and a one year high of $28.45. The company has a market cap of $8.25 billion, a PE ratio of 29.43, a P/E/G ratio of 4.56 and a beta of 1.57.

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

Brixmor Property Group Announces Dividend

The firm also recently declared 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. This represents a $1.09 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 117.20%.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the 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 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 SEC, which is available at this hyperlink. In related news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group 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 approximately $8,640,096. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s 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 completion of the transaction, the director now owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research analyst reports. Mizuho increased their price objective on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Compass Point raised their price target on Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group increased their target price on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial lifted their target price on Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and set a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.38.

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.