Point72 Hong Kong Ltd Invests $171,000 in Brixmor Property Group Inc. (NYSE:BRX)

Point72 Hong Kong Ltd bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,400 shares of the real estate investment trust’s stock, valued at approximately $171,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,007 shares in the last quarter. Quarry LP bought a new stake in Brixmor Property Group in the 4th quarter worth about $40,000. Larson Financial Group LLC bought a new stake in Brixmor Property Group in the 1st quarter worth about $47,000. Abich Financial Wealth Management LLC grew its position in 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 worth $54,000 after purchasing an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in 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 worth $62,000 after purchasing an additional 431 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Insider Activity at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’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 transaction of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction that occurred 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 in the company, valued at $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.37 on Friday. The stock has a market capitalization of $8.25 billion, a P/E ratio of 29.43, a PEG ratio of 4.56 and a beta of 1.57. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. The firm’s 50 day moving average is $26.43 and its 200 day moving average is $23.79. Brixmor Property Group Inc. has a 12 month low of $19.46 and a 12 month high of $28.45.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS 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 analysts’ expectations of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s payout ratio is currently 117.20%.

Analyst Ratings Changes

BRX has been the subject of a number of recent analyst reports. Evercore ISI upped 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 research report on Monday, September 16th. The Goldman Sachs Group upped 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. Truist Financial upped 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. Mizuho upped 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. Finally, KeyCorp boosted their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.