Perpetual Ltd Buys 7,010 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Perpetual Ltd lifted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 17.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,230 shares of the real estate investment trust’s stock after acquiring an additional 7,010 shares during the period. Perpetual Ltd’s holdings in Brixmor Property Group were worth $1,316,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in Brixmor Property Group during the first quarter valued at $47,000. PGGM Investments boosted its stake in Brixmor Property Group by 167.2% during 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 during the period. 1832 Asset Management L.P. bought a new stake in Brixmor Property Group during the first quarter valued at $16,964,000. SG Americas Securities LLC boosted its stake in Brixmor Property Group by 115.8% during the first quarter. SG Americas Securities LLC now owns 136,678 shares of the real estate investment trust’s stock valued at $3,205,000 after buying an additional 73,335 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Brixmor Property Group during the first quarter valued at $124,978,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.4 %

BRX opened at $26.91 on Friday. The company has a market cap of $8.11 billion, a P/E ratio of 27.74, a P/E/G ratio of 4.43 and a beta of 1.57. The business’s 50-day moving average price is $26.96 and its 200-day moving average price is $24.15. 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 Inc. has a 12 month low of $19.55 and a 12 month high of $28.45.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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). The company 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 firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 4.05%. Brixmor Property Group’s dividend payout ratio is presently 112.37%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on 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. JPMorgan Chase & Co. raised their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their price target on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Scotiabank raised their price target on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Finally, Evercore ISI raised their price target on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 10,000 shares of the business’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 transaction, the insider now owns 360,004 shares in the company, valued at $8,640,096. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Steven F. Siegel sold 10,000 shares of the business’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 transaction, the insider now owns 360,004 shares in the company, valued at $8,640,096. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’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 owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is 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.