TCW Group Inc. Sells 3,544 Shares of Brixmor Property Group Inc. (NYSE:BRX)

TCW Group Inc. lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 16.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,503 shares of the real estate investment trust’s stock after selling 3,544 shares during the quarter. TCW Group Inc.’s holdings in Brixmor Property Group were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new stake in Brixmor Property Group during the first quarter valued at about $124,978,000. Norges Bank purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $73,143,000. PGGM Investments boosted its stake in Brixmor Property Group by 167.2% in the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after purchasing an additional 2,353,582 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Brixmor Property Group by 16.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock valued at $348,718,000 after buying an additional 2,067,135 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its position in shares of Brixmor Property Group by 13.6% during the fourth quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock valued at $197,049,000 after buying an additional 1,016,209 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BRX shares. Piper Sandler reaffirmed an “overweight” rating and set a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. The Goldman Sachs Group boosted their target price on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus raised their price target on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday, July 30th. KeyCorp lifted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.14.

Brixmor Property Group Trading Up 0.2 %

Brixmor Property Group stock traded up $0.05 during midday trading on Friday, reaching $25.92. The stock had a trading volume of 2,122,157 shares, compared to its average volume of 2,364,471. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group Inc. has a 52-week low of $19.46 and a 52-week high of $26.41. The company has a fifty day moving average of $23.79 and a 200 day moving average of $22.85.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). The business had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.12 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 4.21%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 117.20%.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the transaction, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at $1,178,105.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares of the company’s stock, valued at $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

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.