Victory Capital Management Inc. Has $5.21 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Victory Capital Management Inc. trimmed its position in Brixmor Property Group Inc. (NYSE:BRX) by 37.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,918 shares of the real estate investment trust’s stock after selling 111,786 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Brixmor Property Group worth $5,208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position 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 worth $169,131,000 after purchasing an additional 1,995,299 shares during the period. Millennium Management LLC grew its position in shares of Brixmor Property Group by 35.5% during the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock worth $132,443,000 after buying an additional 1,501,282 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Brixmor Property Group by 9.0% during 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. PGGM Investments grew its position in shares of Brixmor Property Group by 167.2% during the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after buying an additional 2,353,582 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Brixmor Property Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,547,460 shares of the real estate investment trust’s stock worth $81,911,000 after buying an additional 18,864 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.3 %

NYSE BRX opened at $29.83 on Friday. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 4.05 and a beta of 1.57. The stock’s 50 day moving average price is $27.97 and its two-hundred day moving average price is $25.40. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $29.99.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The company’s revenue was up 4.3% on a year-over-year basis. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.85%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their target price on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. The Goldman Sachs Group lifted their price objective on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Piper Sandler reiterated an “overweight” rating and set a $33.00 price objective (up previously from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Mizuho lifted their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.13.

Insider Transactions at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.76% of the company’s stock.

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.