OLD National Bancorp IN Has $327,000 Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

OLD National Bancorp IN cut its position in Brixmor Property Group Inc. (NYSE:BRX) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,727 shares of the real estate investment trust’s stock after selling 926 shares during the quarter. OLD National Bancorp IN’s holdings in Brixmor Property Group were worth $327,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BRX. Vanguard Group Inc. grew its position in shares of Brixmor Property Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock valued at $1,070,794,000 after purchasing an additional 165,572 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Brixmor Property Group by 37.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust’s stock valued at $169,131,000 after purchasing an additional 1,995,299 shares during the period. Millennium Management LLC grew its holdings in Brixmor Property Group by 35.5% in the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock valued at $132,443,000 after buying an additional 1,501,282 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Brixmor Property Group by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust’s stock worth $110,940,000 after buying an additional 396,242 shares during the period. Finally, PGGM Investments grew its stake in shares of 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 worth $86,847,000 after acquiring an additional 2,353,582 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group 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 completion of the transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $27.94 on Wednesday. The business has a 50 day simple moving average of $27.34 and a 200 day simple moving average of $24.43. Brixmor Property Group Inc. has a one year low of $19.55 and a one year high of $28.45. The company has a market capitalization of $8.42 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50.

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

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.2725 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 3.90%. Brixmor Property Group’s dividend payout ratio is 117.20%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore ISI upped their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Piper Sandler reiterated an “overweight” rating and issued a $33.00 target price (up previously from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Scotiabank lifted their target price 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. The Goldman Sachs Group upped their price target on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Mizuho raised their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.