Brixmor Property Group Inc. (NYSE:BRX) Stake Boosted by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 27.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,145,233 shares of the real estate investment trust’s stock after purchasing an additional 245,233 shares during the period. Brixmor Property Group accounts for approximately 1.1% of Lighthouse Investment Partners LLC’s portfolio, making the stock its 6th biggest position. Lighthouse Investment Partners LLC owned about 0.38% of Brixmor Property Group worth $26,443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in Brixmor Property Group during the first quarter valued at about $124,978,000. PGGM Investments raised its stake in shares of Brixmor Property Group by 167.2% in the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after acquiring an additional 2,353,582 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Brixmor Property Group in the 2nd quarter worth approximately $49,546,000. Millennium Management LLC boosted its position in Brixmor Property Group by 35.5% during the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock worth $132,443,000 after purchasing an additional 1,501,282 shares during the period. Finally, Centersquare Investment Management LLC grew its holdings in Brixmor Property Group by 13.6% during the fourth quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock valued at $197,049,000 after purchasing an additional 1,016,209 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction on 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 transaction, the insider now owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BRX. The Goldman Sachs Group boosted their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. boosted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, KeyCorp raised their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $27.37 on Friday. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 4.56 and a beta of 1.57. Brixmor Property Group Inc. has a one year low of $19.46 and a one year high of $28.45. The business has a fifty day simple moving average of $26.43 and a 200 day simple moving average of $23.79. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The business had revenue of $315.69 million for 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%. Brixmor Property Group’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a dividend yield of 3.98%. Brixmor Property Group’s dividend payout ratio is currently 117.20%.

Brixmor Property Group 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.