Loomis Sayles & Co. L P Invests $394,000 in Brixmor Property Group Inc. (NYSE:BRX)

Loomis Sayles & Co. L P acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,132 shares of the real estate investment trust’s stock, valued at approximately $394,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at about $136,000. Algert Global LLC grew its holdings in shares of Brixmor Property Group by 128.9% during the third quarter. Algert Global LLC now owns 477,318 shares of the real estate investment trust’s stock worth $13,298,000 after buying an additional 268,816 shares in the last quarter. Cerity Partners LLC raised its position in Brixmor Property Group by 34.5% in the 3rd quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock valued at $740,000 after buying an additional 6,817 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Brixmor Property Group by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after acquiring an additional 159,388 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in Brixmor Property Group by 33.3% during the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after acquiring an additional 36,823 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

NYSE:BRX opened at $30.37 on Friday. The company has a market cap of $9.17 billion, a P/E ratio of 28.12, a P/E/G ratio of 4.09 and a beta of 1.57. The firm’s fifty day moving average price is $28.14 and its two-hundred day moving average price is $25.65. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The company had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. Equities analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 100.93%.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. The trade was a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on BRX. The Goldman Sachs Group increased their target price 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. Wells Fargo & Company raised their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Scotiabank upped their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday. Compass Point raised their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus boosted their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. 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.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $29.38.

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.