National Bank of Canada FI Lowers Holdings in Brixmor Property Group Inc. (NYSE:BRX)

National Bank of Canada FI lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 931,000 shares of the real estate investment trust's stock after selling 345,250 shares during the quarter. National Bank of Canada FI owned about 0.31% of Brixmor Property Group worth $21,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BRX. Raymond James & Associates raised its position in shares of Brixmor Property Group by 8.8% in the 3rd quarter. Raymond James & Associates now owns 46,730 shares of the real estate investment trust's stock valued at $971,000 after buying an additional 3,797 shares in the last quarter. New York State Teachers Retirement System raised its position in Brixmor Property Group by 1.2% during the third quarter. New York State Teachers Retirement System now owns 329,659 shares of the real estate investment trust's stock valued at $6,850,000 after purchasing an additional 4,006 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Brixmor Property Group by 4.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 145,205 shares of the real estate investment trust's stock worth $3,017,000 after purchasing an additional 6,525 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brixmor Property Group by 13.2% in the 3rd quarter. Mackenzie Financial Corp now owns 237,873 shares of the real estate investment trust's stock valued at $4,696,000 after purchasing an additional 27,683 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Brixmor Property Group by 126.8% during the 3rd quarter. Strs Ohio now owns 1,332,975 shares of the real estate investment trust's stock worth $27,699,000 after buying an additional 745,288 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 1.0 %

Shares of BRX traded up $0.23 during mid-day trading on Tuesday, reaching $22.37. 5,070,632 shares of the company were exchanged, compared to its average volume of 2,631,466. The business has a 50 day simple moving average of $22.27 and a two-hundred day simple moving average of $22.27. Brixmor Property Group Inc. has a 52 week low of $19.40 and a 52 week high of $24.47. The stock has a market capitalization of $6.74 billion, a PE ratio of 23.80, a PEG ratio of 2.67 and a beta of 1.53. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The firm had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. During the same quarter in the previous year, the business posted $0.50 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts predict that Brixmor Property Group Inc. will post 2.09 earnings per share for the current fiscal year.

Brixmor Property Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.09 dividend on an annualized basis and a yield of 4.87%. Brixmor Property Group's payout ratio is currently 117.21%.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now directly owns 225,051 shares of the company's stock, valued at $5,176,173. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Michael B. Berman sold 10,475 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares of the company's stock, valued at approximately $925,487.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the transaction, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They issued a "buy" rating and a $27.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a "hold" rating in a research report on Tuesday, February 13th. Truist Financial reiterated a "buy" rating and set a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. The Goldman Sachs Group cut their price target on Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $24.00 price objective (up previously from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.38.

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.