BNP Paribas Financial Markets Raises Holdings in Brixmor Property Group Inc. (NYSE:BRX)

BNP Paribas Financial Markets boosted its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 374.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,602 shares of the real estate investment trust's stock after purchasing an additional 244,387 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Brixmor Property Group worth $7,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $212,000. Charles Schwab Investment Management Inc. raised its position in Brixmor Property Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,713,236 shares of the real estate investment trust's stock valued at $109,677,000 after purchasing an additional 123,284 shares in the last quarter. Metis Global Partners LLC lifted its stake in Brixmor Property Group by 11.8% during the fourth quarter. Metis Global Partners LLC now owns 19,698 shares of the real estate investment trust's stock worth $458,000 after purchasing an additional 2,073 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Brixmor Property Group by 0.5% in the 4th quarter. M&T Bank Corp now owns 162,941 shares of the real estate investment trust's stock valued at $3,792,000 after purchasing an additional 810 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Brixmor Property Group by 6.4% in the 4th quarter. New York Life Investment Management LLC now owns 33,952 shares of the real estate investment trust's stock valued at $790,000 after purchasing an additional 2,057 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BRX. JPMorgan Chase & Co. dropped their price objective on Brixmor Property Group from $27.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, May 13th. The Goldman Sachs Group cut their target price on shares of Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Wednesday, March 27th. Truist Financial reiterated a "buy" rating and issued a $25.00 price target on shares of Brixmor Property Group in a research report on Monday, March 25th. Mizuho reiterated a "neutral" rating and set a $24.00 price objective (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Finally, Stifel Nicolaus raised their target price on Brixmor Property Group from $22.75 to $24.00 and gave the stock a "hold" rating in a research note on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.13.

Brixmor Property Group Stock Up 1.1 %

Brixmor Property Group stock traded up $0.24 during mid-day trading on Friday, reaching $22.52. The stock had a trading volume of 1,405,707 shares, compared to its average volume of 2,440,215. The firm has a market capitalization of $6.79 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.68 and a beta of 1.53. Brixmor Property Group Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $24.47. The stock's 50-day simple moving average is $22.20 and its 200-day simple moving average is $22.40. 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 posted 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 net margin of 22.47% and a return on equity of 9.84%. The business had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. During the same period in the previous year, the business posted $0.50 EPS. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.1 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid 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 4.84%. Brixmor Property Group's dividend payout ratio (DPR) is currently 117.20%.

Insiders Place Their Bets

In other news, insider Brian T. Finnegan sold 7,500 shares of the firm'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 owns 225,051 shares in the company, valued at $5,176,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the sale, the insider now owns 225,051 shares in the company, valued at $5,176,173. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $239,039.50. Following the transaction, the director now owns 40,556 shares in the company, valued at $925,487.92. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

About Brixmor Property Group

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.