Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Caxton Associates LP

Caxton Associates LP lifted its position in Brixmor Property Group Inc. (NYSE:BRX) by 160.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,747 shares of the real estate investment trust’s stock after purchasing an additional 22,014 shares during the quarter. Caxton Associates LP’s holdings in Brixmor Property Group were worth $825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in Brixmor Property Group in the 1st quarter worth approximately $47,000. Schroder Investment Management Group lifted its position in Brixmor Property Group by 4.9% during the fourth quarter. Schroder Investment Management Group now owns 1,904,192 shares of the real estate investment trust’s stock valued at $44,311,000 after purchasing an additional 89,445 shares during the period. PGGM Investments boosted its holdings in 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. 1832 Asset Management L.P. purchased a new position in shares of Brixmor Property Group during the 1st quarter valued at about $16,964,000. Finally, SG Americas Securities LLC boosted its stake in shares of Brixmor Property Group by 115.8% in the first quarter. SG Americas Securities LLC now owns 136,678 shares of the real estate investment trust’s stock worth $3,205,000 after buying an additional 73,335 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 1.6 %

BRX stock opened at $27.37 on Friday. The stock has a market capitalization of $8.25 billion, a P/E ratio of 29.43, a P/E/G ratio of 4.56 and a beta of 1.57. Brixmor Property Group Inc. has a 52 week low of $19.46 and a 52 week high of $28.45. The firm has a 50-day simple moving average of $26.43 and a 200-day simple moving average of $23.79. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88.

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

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.2725 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 3.98%. Brixmor Property Group’s payout ratio is currently 117.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BRX. KeyCorp lifted 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, August 7th. Scotiabank lifted their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Compass Point increased their price target on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Evercore ISI raised their price target on shares of 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. Finally, Truist Financial upped their price objective on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate 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.