Ballentine Partners LLC Has $307,000 Stake in Brixmor Property Group Inc. (NYSE:BRX)

Ballentine Partners LLC grew its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 13.5% during the third quarter, Holdings Channel.com reports. The firm owned 11,013 shares of the real estate investment trust’s stock after buying an additional 1,311 shares during the period. Ballentine Partners LLC’s holdings in Brixmor Property Group were worth $307,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Creative Planning increased its holdings in shares of Brixmor Property Group by 2.8% in the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 396 shares during the period. Fifth Third Bancorp increased its holdings in Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 431 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Brixmor Property Group by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 481 shares during the last quarter. Truist Financial Corp grew its holdings in Brixmor Property Group by 0.8% during the second quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock valued at $1,948,000 after purchasing an additional 659 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling

In related 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 value of $127,250.00. Following the completion of the transaction, the director now directly owns 46,291 shares of the company’s stock, valued at $1,178,105.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

Brixmor Property Group Stock Up 1.0 %

Shares of BRX stock opened at $27.74 on Tuesday. The stock has a market cap of $8.36 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group Inc. has a one year low of $19.88 and a one year high of $28.45. The stock has a fifty day moving average price of $27.49 and a 200 day moving average price of $24.59. 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 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). The firm had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. Analysts predict that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Analysts Set New Price Targets

BRX has been the topic of several analyst reports. The Goldman Sachs Group increased 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. Mizuho increased their price target on Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Truist Financial increased their price target on Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, August 16th. StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus increased their price target on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group 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.