Pensionfund DSM Netherlands Decreases Stake in Brixmor Property Group Inc. (NYSE:BRX)

Pensionfund DSM Netherlands cut its position in Brixmor Property Group Inc. (NYSE:BRX) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,000 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. Brixmor Property Group accounts for 1.7% of Pensionfund DSM Netherlands’ investment portfolio, making the stock its 18th largest holding. Pensionfund DSM Netherlands’ holdings in Brixmor Property Group were worth $2,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BRX. Canada Pension Plan Investment Board raised its stake in Brixmor Property Group by 37.4% in the second 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 buying an additional 1,995,299 shares in the last quarter. Millennium Management LLC lifted its stake in Brixmor Property Group by 35.5% in the second 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. Geode Capital Management LLC boosted its holdings in shares of Brixmor Property Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock valued at $156,473,000 after acquiring an additional 44,485 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after acquiring an additional 159,388 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $110,940,000 after acquiring an additional 396,242 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on BRX. Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Mizuho raised their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Compass Point lifted their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.19.

Brixmor Property Group Trading Down 0.5 %

Shares of BRX traded down $0.14 during mid-day trading on Monday, reaching $27.45. The company had a trading volume of 73,161 shares, compared to its average volume of 1,226,946. The firm has a fifty day simple moving average of $28.65 and a 200-day simple moving average of $26.88. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 3.96 and a beta of 1.59. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (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%. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given 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 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s payout ratio is presently 106.48%.

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.