Raymond James & Associates Has $1.73 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Raymond James & Associates lowered its holdings in Brixmor Property Group Inc. (NYSE:BRXGet Rating) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 93,636 shares of the real estate investment trust’s stock after selling 3,761 shares during the quarter. Raymond James & Associates’ holdings in Brixmor Property Group were worth $1,729,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue grew its position in Brixmor Property Group by 1.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 191,179 shares of the real estate investment trust’s stock valued at $3,530,000 after purchasing an additional 2,088 shares during the period. Van ECK Associates Corp grew its position in Brixmor Property Group by 2.0% in the 2nd quarter. Van ECK Associates Corp now owns 27,216 shares of the real estate investment trust’s stock valued at $550,000 after purchasing an additional 534 shares during the period. Bank of Montreal Can grew its position in Brixmor Property Group by 68.7% in the 2nd quarter. Bank of Montreal Can now owns 63,942 shares of the real estate investment trust’s stock valued at $1,354,000 after purchasing an additional 26,035 shares during the period. New York State Teachers Retirement System grew its position in Brixmor Property Group by 1.6% in the 2nd quarter. New York State Teachers Retirement System now owns 369,457 shares of the real estate investment trust’s stock valued at $7,467,000 after purchasing an additional 5,700 shares during the period. Finally, Walleye Capital LLC boosted its holdings in Brixmor Property Group by 11.4% during the 2nd quarter. Walleye Capital LLC now owns 761,870 shares of the real estate investment trust’s stock worth $15,397,000 after acquiring an additional 78,226 shares during the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $22.96, for a total value of $344,400.00. Following the completion of the transaction, the director now directly owns 45,146 shares of the company’s stock, valued at approximately $1,036,552.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is owned by insiders.

Brixmor Property Group Stock Up 0.2 %

BRX opened at $22.73 on Wednesday. The company has a 50 day moving average of $22.59 and a 200 day moving average of $21.68. The company has a market cap of $6.82 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.55. Brixmor Property Group Inc. has a 12 month low of $17.62 and a 12 month high of $27.19. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Wednesday, January 4th were issued a $0.26 dividend. The ex-dividend date was Tuesday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 4.58%. Brixmor Property Group’s dividend payout ratio (DPR) is 96.30%.

Analyst Ratings Changes

Several brokerages have recently commented on BRX. Barclays increased their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Mizuho decreased their price objective on shares of Brixmor Property Group from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, November 11th. Credit Suisse Group increased their price objective on shares of Brixmor Property Group to $24.00 in a research note on Friday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Brixmor Property Group from $23.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, October 7th. Finally, Evercore ISI decreased their price objective on shares of Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, September 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.42.

Brixmor Property Group Profile

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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