Victory Capital Management Inc. Has $5.21 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Victory Capital Management Inc. trimmed its position in Brixmor Property Group Inc. (NYSE:BRX) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,918 shares of the real estate investment trust’s stock after selling 111,786 shares during the quarter. Victory Capital Management Inc.’s holdings in Brixmor Property Group were worth $5,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of 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 valued at $169,131,000 after acquiring an additional 1,995,299 shares during the period. Millennium Management LLC lifted its position in shares of Brixmor Property Group by 35.5% during the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock valued at $132,443,000 after acquiring an additional 1,501,282 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Brixmor Property Group by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust’s stock valued at $110,940,000 after acquiring an additional 396,242 shares during the period. PGGM Investments lifted its position in shares of Brixmor Property Group by 167.2% during the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after acquiring an additional 2,353,582 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Brixmor Property Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,547,460 shares of the real estate investment trust’s stock valued at $81,911,000 after acquiring an additional 18,864 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brixmor Property Group

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

Brixmor Property Group Stock Up 0.3 %

NYSE:BRX opened at $29.83 on Friday. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $29.99. 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 company has a market cap of $9.01 billion, a PE ratio of 27.62, a P/E/G ratio of 4.05 and a beta of 1.57. The firm’s 50 day simple moving average is $27.97 and its 200 day simple moving average is $25.40.

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

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $0.287 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.85%. Brixmor Property Group’s dividend payout ratio is presently 106.48%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Compass Point upped their target price on 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 upped their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their target price on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five equities research 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, the company has an average rating of “Moderate Buy” and a consensus price target of $29.13.

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.