Cinctive Capital Management LP Has $2.39 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Cinctive Capital Management LP lowered its position in Brixmor Property Group Inc. (NYSE:BRX) by 30.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 85,862 shares of the real estate investment trust’s stock after selling 36,745 shares during the period. Cinctive Capital Management LP’s holdings in Brixmor Property Group were worth $2,392,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Brixmor Property Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust’s stock worth $6,366,000 after purchasing an additional 14,748 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Brixmor Property Group by 2.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 180,989 shares of the real estate investment trust’s stock worth $4,145,000 after buying an additional 4,314 shares during the last quarter. GAMMA Investing LLC raised its holdings in Brixmor Property Group by 45.5% during the second quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 903 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of Brixmor Property Group by 9.6% in the second quarter. OLD National Bancorp IN now owns 12,653 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 1,109 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Brixmor Property Group by 52.3% during the 2nd quarter. SG Americas Securities LLC now owns 208,139 shares of the real estate investment trust’s stock worth $4,806,000 after acquiring an additional 71,461 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 1.0 %

NYSE BRX opened at $29.77 on Tuesday. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $8.99 billion, a PE ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.57. The firm has a 50-day simple moving average of $28.27 and a 200 day simple moving average of $25.84.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The firm had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Brixmor Property Group’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 EPS. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a $0.287 dividend. This represents a $1.15 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is 100.93%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BRX shares. Compass Point raised their price objective on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Mizuho lifted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. KeyCorp boosted 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 note on Tuesday, November 12th. Wells Fargo & Company raised their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $29.38.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.76% of the company’s stock.

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.