Quantbot Technologies LP Purchases Shares of 83,878 Brixmor Property Group Inc. (NYSE:BRX)

Quantbot Technologies LP acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 83,878 shares of the real estate investment trust’s stock, valued at approximately $2,337,000.

Several other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. increased its position in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. increased its position in Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in Brixmor Property Group in the 3rd quarter valued at about $46,000. Abich Financial Wealth Management LLC lifted its holdings in Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of 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 worth $62,000 after purchasing an additional 431 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.3 %

NYSE BRX opened at $30.37 on Friday. The company’s fifty day moving average price is $28.14 and its two-hundred day moving average price is $25.65. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 4.09 and a beta of 1.57. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38.

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

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is currently 100.93%.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BRX has been the subject of a number of analyst reports. KeyCorp boosted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Compass Point boosted their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Mizuho increased their target price on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Evercore ISI raised their price target on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.38.

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.