Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,536 shares of the real estate investment trust’s stock after selling 1,191 shares during the period. OLD National Bancorp IN’s holdings in Brixmor Property Group were worth $293,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BRX. UMB Bank n.a. boosted its holdings in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 723 shares in the last quarter. Quarry LP boosted its stake in shares of Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new stake in shares of Brixmor Property Group in the 3rd quarter worth approximately $46,000. Blue Trust Inc. increased its stake in Brixmor Property Group by 103.7% in the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,448 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Brixmor Property Group by 53.1% during the third quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’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 transaction, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is owned by insiders.

Brixmor Property Group Stock Down 1.3 %

Shares of NYSE BRX opened at $26.13 on Monday. The stock has a market capitalization of $7.89 billion, a PE ratio of 24.19, a P/E/G ratio of 3.59 and a beta of 1.59. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The firm has a fifty day moving average of $27.77 and a 200-day moving average of $27.35. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67.

Analyst Ratings Changes

A number of brokerages recently commented on BRX. KeyCorp increased their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Scotiabank increased their target price 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. Evercore ISI reduced their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Finally, Truist Financial lifted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.38.

Brixmor Property Group Company Profile

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.