OVERSEA CHINESE BANKING Corp Ltd Acquires 78,236 Shares of Brixmor Property Group Inc. (NYSE:BRX)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 65.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 197,574 shares of the real estate investment trust’s stock after purchasing an additional 78,236 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Brixmor Property Group were worth $5,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Brixmor Property Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock valued at $1,070,794,000 after purchasing an additional 165,572 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Brixmor Property Group by 37.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust’s stock worth $169,131,000 after acquiring an additional 1,995,299 shares during the last quarter. Millennium Management LLC grew its stake in shares of Brixmor Property Group by 35.5% in the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock worth $132,443,000 after acquiring an additional 1,501,282 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Brixmor Property Group by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust’s stock worth $110,940,000 after acquiring an additional 396,242 shares in the last quarter. Finally, PGGM Investments raised its holdings in shares of 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 purchasing an additional 2,353,582 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 0.8 %

Shares of BRX stock opened at $28.98 on Tuesday. Brixmor Property Group Inc. has a 1 year low of $20.69 and a 1 year high of $29.17. The company’s fifty day simple moving average is $27.68 and its two-hundred day simple moving average is $25.05. 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 capitalization of $8.75 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.92 and a beta of 1.57.

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

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s payout ratio is 100.93%.

Analyst Ratings Changes

BRX has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Scotiabank increased 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. JPMorgan Chase & Co. upped their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Mizuho boosted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.54.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now owns 46,291 shares of the company’s stock, valued at $1,178,105.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.