Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 20.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,666,351 shares of the real estate investment trust’s stock after selling 2,794,921 shares during the quarter. Franklin Resources Inc. owned about 3.53% of Brixmor Property Group worth $289,805,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BRX. Glenmede Trust Co. NA lifted its position in shares of Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 26,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Brixmor Property Group by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after acquiring an additional 159,388 shares during the last quarter. Vestcor Inc acquired a new position in Brixmor Property Group in the third quarter valued at approximately $776,000. Wolverine Asset Management LLC bought a new position in shares of Brixmor Property Group during the second quarter valued at approximately $494,000. Finally, Natixis Advisors LLC grew its holdings in shares of Brixmor Property Group by 33.3% during the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after purchasing an additional 36,823 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of analyst reports. Scotiabank boosted their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI increased their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, Mizuho upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.96.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $28.88 on Friday. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.96 and a beta of 1.58. 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 Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The stock’s 50 day moving average price is $28.59 and its 200 day moving average price is $26.27.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data 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 firm had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Equities research analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.98%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is currently 100.93%.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the transaction, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.76% of the company’s stock.

About Brixmor Property Group

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.