Presima Securities ULC Cuts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Presima Securities ULC decreased its position in Brixmor Property Group Inc. (NYSE:BRX) by 13.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,430,725 shares of the real estate investment trust’s stock after selling 217,283 shares during the period. Brixmor Property Group makes up approximately 8.8% of Presima Securities ULC’s holdings, making the stock its 2nd biggest position. Presima Securities ULC’s holdings in Brixmor Property Group were worth $39,860,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BRX. Creative Planning raised its stake in shares of Brixmor Property Group by 2.8% during the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 396 shares in the last quarter. Fifth Third Bancorp increased its stake in Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 431 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Brixmor Property Group by 5.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 481 shares during the period. Truist Financial Corp raised its position in shares of Brixmor Property Group by 0.8% during the 2nd quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 659 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

BRX stock opened at $27.90 on Thursday. Brixmor Property Group Inc. has a one year low of $19.55 and a one year high of $28.45. The firm has a 50-day moving average of $27.06 and a two-hundred day moving average of $24.23. The firm has a market capitalization of $8.41 billion, a PE ratio of 30.00, a P/E/G ratio of 4.43 and a beta of 1.57. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. During the same quarter last year, the company posted $0.52 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brixmor Property Group’s payout ratio is 117.20%.

Insider Buying and Selling

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction dated 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 of the company’s stock, valued at $1,178,105.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

BRX has been the topic of several recent analyst reports. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Evercore ISI upped their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a report on Monday, September 16th. KeyCorp lifted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.38.

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.