Harvest Fund Management Co. Ltd Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Harvest Fund Management Co. Ltd acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,876 shares of the real estate investment trust’s stock, valued at approximately $136,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. PGGM Investments lifted its stake in shares of Brixmor Property Group by 167.2% in 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 last quarter. Zurich Insurance Group Ltd FI bought a new stake in Brixmor Property Group in the second quarter valued at approximately $49,546,000. Canada Pension Plan Investment Board boosted its stake in shares of Brixmor Property Group by 37.4% during the second 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 purchasing an additional 1,995,299 shares during the period. Millennium Management LLC grew its holdings in shares of Brixmor Property Group by 35.5% in the second quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock worth $132,443,000 after purchasing an additional 1,501,282 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Brixmor Property Group in the second quarter worth $11,626,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 0.3 %

Brixmor Property Group stock opened at $30.37 on Thursday. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 4.09 and a beta of 1.57. The business’s fifty day simple moving average is $28.09 and its two-hundred day simple moving average is $25.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (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 business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 3.78%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 100.93%.

Insider Transactions at Brixmor Property Group

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

Analyst Ratings Changes

Several equities research analysts have weighed in on BRX shares. JPMorgan Chase & Co. increased their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Mizuho raised their target price on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Wells Fargo & Company upped their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Scotiabank boosted their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday. Finally, KeyCorp upped their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.38.

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.