Blue Trust Inc. Raises Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Blue Trust Inc. lifted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,683 shares of the real estate investment trust’s stock after buying an additional 839 shares during the period. Blue Trust Inc.’s holdings in Brixmor Property Group were worth $103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at about $46,695,000. Brookfield Corp ON purchased a new stake in Brixmor Property Group in the third quarter valued at approximately $38,051,000. Zurich Insurance Group Ltd FI boosted its holdings in shares of Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after acquiring an additional 959,000 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Brixmor Property Group during the third quarter worth approximately $25,492,000. Finally, FMR LLC increased its holdings in shares of Brixmor Property Group by 136.8% in the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock valued at $29,773,000 after acquiring an additional 617,341 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Scotiabank lifted their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Evercore ISI cut their price target on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Mizuho lifted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, KeyCorp upped their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.38.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the 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 directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Up 0.8 %

NYSE BRX opened at $26.18 on Friday. The company has a quick ratio of 1.38, a current 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. The business has a 50 day moving average price of $27.42 and a two-hundred day moving average price of $27.35. The stock has a market cap of $7.91 billion, a PE ratio of 24.24, a P/E/G ratio of 3.60 and a beta of 1.58.

About Brixmor Property Group

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.