7,974 Shares in Brixmor Property Group Inc. (NYSE:BRX) Acquired by Longboard Asset Management LP

Longboard Asset Management LP acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,974 shares of the real estate investment trust’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Brixmor Property Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 5,615,014 shares of the real estate investment trust’s stock valued at $156,473,000 after buying an additional 44,485 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 valued at $138,185,000 after purchasing an additional 159,388 shares during the period. Zurich Insurance Group Ltd FI increased its holdings in shares of Brixmor Property Group by 44.7% in the third quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock valued at $86,499,000 after purchasing an additional 959,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Brixmor Property Group by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock worth $65,900,000 after purchasing an additional 79,778 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Brixmor Property Group in the third quarter valued at approximately $46,695,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Down 0.9 %

Shares of BRX opened at $25.82 on Tuesday. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The firm has a market capitalization of $7.80 billion, a P/E ratio of 23.91, a P/E/G ratio of 3.60 and a beta of 1.58. The firm has a 50-day moving average price of $27.68 and a 200 day moving average price of $27.36. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial raised their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Mizuho boosted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. 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 report on Monday, November 25th. Finally, Evercore ISI dropped their target price on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.38.

Insider Buying and Selling 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 on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by company insiders.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.