Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,697 shares of the real estate investment trust’s stock after acquiring an additional 5,789 shares during the period. Oliver Luxxe Assets LLC’s holdings in Brixmor Property Group were worth $2,776,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BRX. Glenmede Trust Co. NA boosted its holdings in shares of Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after acquiring an additional 26,000 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $138,185,000 after purchasing an additional 159,388 shares during the period. Vestcor Inc purchased a new position in Brixmor Property Group during the 3rd quarter worth $776,000. Natixis Advisors LLC increased its stake in 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 purchasing an additional 36,823 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Brixmor Property Group by 633.0% in the third quarter. Raymond James & Associates now owns 97,728 shares of the real estate investment trust’s stock valued at $2,723,000 after buying an additional 84,395 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

BRX has been the topic of several recent research reports. Compass Point boosted their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Mizuho boosted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. KeyCorp increased their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, Evercore ISI cut their price objective on shares of Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.19.

Insider Activity 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 stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Price Performance

NYSE BRX traded down $0.68 during mid-day trading on Monday, hitting $26.91. The stock had a trading volume of 966,702 shares, compared to its average volume of 1,495,751. The company has a 50 day simple moving average of $28.65 and a 200 day simple moving average of $26.88. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 3.96 and a beta of 1.59. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last issued 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 business had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Brixmor Property Group’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. Equities analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be given a dividend of $0.287 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s payout ratio is currently 106.48%.

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.