Sei Investments Co. Trims Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Sei Investments Co. trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 31.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 560,286 shares of the real estate investment trust’s stock after selling 261,888 shares during the quarter. Sei Investments Co. owned 0.19% of Brixmor Property Group worth $12,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRX. Hsbc Holdings PLC boosted its stake in shares of Brixmor Property Group by 20.4% in the fourth quarter. Hsbc Holdings PLC now owns 524,688 shares of the real estate investment trust’s stock worth $12,290,000 after buying an additional 88,836 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Brixmor Property Group by 4.2% during the 4th quarter. Treasurer of the State of North Carolina now owns 136,985 shares of the real estate investment trust’s stock worth $3,188,000 after purchasing an additional 5,515 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Brixmor Property Group by 13.6% during the 4th 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 during the period. Cibc World Markets Corp purchased a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $2,337,000. Finally, Schroder Investment Management Group boosted its holdings in Brixmor Property Group by 4.9% during the fourth quarter. Schroder Investment Management Group now owns 1,904,192 shares of the real estate investment trust’s stock worth $44,311,000 after buying an additional 89,445 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now owns 360,004 shares of the company’s stock, valued at $8,640,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Brixmor Property Group news, 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 completion of the sale, the director now owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of analyst reports. StockNews.com downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Scotiabank increased their price target on Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 26th. Wells Fargo & Company boosted their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group increased their target price on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Mizuho boosted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.38.

Brixmor Property Group Stock Performance

BRX opened at $27.40 on Friday. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $28.45. The firm has a market capitalization of $8.26 billion, a PE ratio of 29.46, 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 price is $26.49 and its 200 day moving average price is $23.82.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share 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 company had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side 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 announced 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 dividend yield of 3.98%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.20%.

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.