Victory Capital Management Inc. Buys 3,084 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Victory Capital Management Inc. boosted its stake in Brixmor Property Group Inc. (NYSE:BRXFree Report) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,895 shares of the real estate investment trust’s stock after purchasing an additional 3,084 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of Brixmor Property Group worth $3,801,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Brixmor Property Group by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 45,506,473 shares of the real estate investment trust’s stock worth $840,504,000 after acquiring an additional 275,636 shares in the last quarter. BlackRock Inc. lifted its position in shares of Brixmor Property Group by 0.4% in the 1st quarter. BlackRock Inc. now owns 36,400,269 shares of the real estate investment trust’s stock worth $783,334,000 after purchasing an additional 149,259 shares during the period. Wellington Management Group LLP lifted its position in shares of Brixmor Property Group by 99.4% in the 1st quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after purchasing an additional 10,028,534 shares during the period. State Street Corp lifted 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 acquiring an additional 2,001,159 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Brixmor Property Group by 8.1% in the second quarter. Franklin Resources Inc. now owns 13,260,258 shares of the real estate investment trust’s stock worth $291,726,000 after buying an additional 993,415 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

Brixmor Property Group Stock Performance

BRX opened at $22.86 on Friday. The stock has a 50-day moving average of $22.86 and a 200-day moving average of $21.96. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47. The company has a market cap of $6.87 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.55. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.55 and a current ratio of 0.55.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price objective on the stock. Mizuho lifted their target price on shares of Brixmor Property Group from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Monday, November 13th. Finally, Stifel Nicolaus dropped their price target on shares of Brixmor Property Group from $24.50 to $22.75 and set a “hold” rating on the stock in a research note on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $25.09.

Read Our Latest Analysis on BRX

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, CFO Angela M. Aman sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer now directly owns 152,054 shares of the company’s stock, valued at $3,649,296. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Angela M. Aman sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the chief financial officer now owns 152,054 shares of the company’s stock, valued at $3,649,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian T. Finnegan sold 7,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the sale, the insider now directly owns 186,873 shares in the company, valued at approximately $4,298,079. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock worth $586,950. 0.64% of the stock is currently owned by insiders.

About Brixmor Property Group

(Free Report)

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 364 retail centers comprise approximately 65 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.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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