Lecap Asset Management Ltd. Sells 17,921 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Lecap Asset Management Ltd. reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 32.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,054 shares of the real estate investment trust’s stock after selling 17,921 shares during the period. Lecap Asset Management Ltd.’s holdings in Brixmor Property Group were worth $1,059,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of BRX. Geode Capital Management LLC boosted its position 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. boosted its holdings in Brixmor Property Group by 3.3% during the 3rd 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. Zurich Insurance Group Ltd FI grew its stake in shares of Brixmor Property Group by 44.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock worth $86,499,000 after acquiring an additional 959,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 valued at $65,900,000 after purchasing an additional 79,778 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Brixmor Property Group during the third quarter valued at about $46,695,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

NYSE BRX opened at $26.71 on Friday. 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 company has a market cap of $8.07 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 3.60 and a beta of 1.58. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The firm’s 50-day simple moving average is $27.42 and its two-hundred day simple moving average is $27.35.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BRX shares. Mizuho upped their price objective 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. Scotiabank upped 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 dropped their price target 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. KeyCorp upped their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.38.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.

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.