Raymond James & Associates cut its position in shares of Brixmor Property Group Inc. (NYSE:BRX – Get Rating) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.
Several other large investors have also recently bought and sold shares of BRX. Wellington Management Group LLP boosted its position in Brixmor Property Group by 99.4% during the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock valued at $519,296,000 after purchasing an additional 10,028,534 shares during the last quarter. Waterfront Capital Partners LLC acquired a new position in Brixmor Property Group during the second quarter valued at approximately $40,537,000. State Street Corp boosted its position in Brixmor Property Group by 13.6% during the first quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock valued at $430,669,000 after purchasing an additional 2,001,159 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Brixmor Property Group by 15.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,263,776 shares of the real estate investment trust’s stock valued at $247,851,000 after purchasing an additional 1,650,319 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Brixmor Property Group by 37.4% during the second quarter. Goldman Sachs Group Inc. now owns 3,343,667 shares of the real estate investment trust’s stock valued at $67,575,000 after purchasing an additional 909,512 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on BRX. Wolfe Research raised Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Thursday, December 15th. Deutsche Bank Aktiengesellschaft cut their price objective on Brixmor Property Group from $23.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, October 7th. Evercore ISI cut their price objective on Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, September 27th. Barclays raised their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, December 6th. Finally, Piper Sandler cut their price objective on Brixmor Property Group from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.42.
Brixmor Property Group Stock Performance
Brixmor Property Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Wednesday, January 4th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, January 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.58%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.24. Brixmor Property Group’s dividend payout ratio (DPR) is presently 96.30%.
Insider Buying and Selling
In other Brixmor Property Group news, Director Michael B. Berman sold 15,000 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $22.96, for a total transaction of $344,400.00. Following the sale, the director now directly owns 45,146 shares in the company, valued at $1,036,552.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by company insiders.
Brixmor Property Group Company Profile
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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