Handelsbanken Fonder AB Has $2.68 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Handelsbanken Fonder AB lifted its position in Brixmor Property Group Inc. (NYSE:BRX) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,000 shares of the real estate investment trust’s stock after purchasing an additional 4,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Brixmor Property Group were worth $2,675,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,007 shares in the last quarter. Quarry LP bought a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $40,000. Larson Financial Group LLC acquired a new stake in Brixmor Property Group in the 1st quarter valued at $47,000. Abich Financial Wealth Management LLC grew its position in Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares during the period. Finally, Fifth Third Bancorp grew its position in Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 431 shares during the period. 98.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. This trade represents a 0.00 % decrease in their position. The transaction 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 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 sale, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now owns 46,291 shares of the company’s stock, 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. Corporate insiders own 0.76% of the company’s stock.

Brixmor Property Group Trading Down 0.4 %

BRX stock opened at $27.13 on Thursday. 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 Inc. has a twelve month low of $19.55 and a twelve month high of $28.45. The company has a market cap of $8.17 billion, a P/E ratio of 29.17, a PEG ratio of 4.56 and a beta of 1.57. The business has a fifty day moving average of $26.90 and a 200-day moving average of $24.10.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $315.69 million for the quarter, compared to the consensus estimate of $317.75 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 117.20%.

Wall Street Analysts Forecast Growth

BRX has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of 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. Compass Point boosted their price target on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. KeyCorp raised their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus raised their price target on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.38.

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.