Quadrature Capital Ltd Acquires New Shares in Brixmor Property Group Inc. (NYSE:BRX)

Quadrature Capital Ltd bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the third quarter, Holdings Channel reports. The fund bought 14,516 shares of the real estate investment trust’s stock, valued at approximately $404,000.

Several other institutional investors also recently modified their holdings of BRX. Quarry LP raised its position in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares during the last quarter. Creative Planning increased its stake in shares of Brixmor Property Group by 2.8% in the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 396 shares during the period. Fifth Third Bancorp raised its position in shares of Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Brixmor Property Group by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 481 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Brixmor Property Group by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock valued at $4,961,000 after acquiring an additional 643 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $29.58 on Tuesday. The stock’s 50 day moving average is $28.47 and its 200-day moving average is $26.10. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 4.05 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The business had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS 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. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s payout ratio is currently 100.93%.

Insider Transactions at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group 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 owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BRX. Wells Fargo & Company boosted their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Scotiabank boosted their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Mizuho increased their price target on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $33.00 in a research note on Friday. Finally, Stifel Nicolaus upped their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $29.65.

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.