Heitman Real Estate Securities LLC Has $33.40 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Heitman Real Estate Securities LLC lessened its position in Brixmor Property Group Inc. (NYSE:BRX) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,198,672 shares of the real estate investment trust’s stock after selling 9,047 shares during the quarter. Brixmor Property Group accounts for approximately 1.8% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 24th largest holding. Heitman Real Estate Securities LLC owned about 0.40% of Brixmor Property Group worth $33,395,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. PGGM Investments increased its holdings in Brixmor Property Group by 167.2% in the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after buying an additional 2,353,582 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after buying an additional 159,388 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Brixmor Property Group in the second quarter worth $494,000. Envestnet Portfolio Solutions Inc. bought a new stake in Brixmor Property Group during the 2nd quarter valued at $228,000. Finally, Natixis Advisors LLC increased its holdings in shares of Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 36,823 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is currently owned by insiders.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $29.77 on Tuesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.58. The firm’s 50-day moving average is $28.27 and its 200 day moving average is $25.84. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be given a $0.287 dividend. This is a boost 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 3.86%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 100.93%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BRX. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Compass Point upped their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Evercore ISI increased their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Mizuho raised their target price on Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company upped their price target on 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.38.

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.