Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by KBC Group NV

KBC Group NV grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 51.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,859 shares of the real estate investment trust’s stock after purchasing an additional 3,702 shares during the period. KBC Group NV’s holdings in Brixmor Property Group were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Quarry LP increased its holdings in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the last quarter. Creative Planning boosted its holdings in Brixmor Property Group by 2.8% during the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 396 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Brixmor Property Group by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 441 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Brixmor Property Group by 1.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock valued at $895,000 after acquiring an additional 532 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Brixmor Property Group by 14.3% during the 4th quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 631 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred 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 approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $25.82 on Tuesday. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 3.60 and a beta of 1.58. 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 12 month low of $20.80 and a 12 month high of $30.67. The business’s 50-day moving average price is $27.68 and its 200-day moving average price is $27.36.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BRX. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Evercore ISI lowered their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Scotiabank raised their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Stifel Nicolaus increased their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $33.00 in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.38.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.