14,132 Shares in Brixmor Property Group Inc. (NYSE:BRX) Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,132 shares of the real estate investment trust’s stock, valued at approximately $394,000.

Other large investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Brixmor Property Group in the 3rd quarter valued at approximately $136,000. Algert Global LLC increased its stake in Brixmor Property Group by 128.9% in the third quarter. Algert Global LLC now owns 477,318 shares of the real estate investment trust’s stock valued at $13,298,000 after acquiring an additional 268,816 shares during the last quarter. Cerity Partners LLC raised its position in Brixmor Property Group by 34.5% during the third quarter. Cerity Partners LLC now owns 26,563 shares of the real estate investment trust’s stock valued at $740,000 after purchasing an additional 6,817 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Brixmor Property Group by 3.3% during 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 purchasing an additional 159,388 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Brixmor Property Group by 33.3% in the 3rd 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 in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $30.37 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The firm has a market cap of $9.17 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 4.09 and a beta of 1.57. The firm’s fifty day moving average is $28.14 and its 200-day moving average is $25.65.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company 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%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is currently 100.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BRX shares. The Goldman Sachs Group boosted their price target on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Evercore ISI increased their target price 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. KeyCorp lifted their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus raised 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 report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.38.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.