Brixmor Property Group Inc. (NYSE:BRX) saw unusually-high trading volume on Friday . Approximately 8,994,009 shares were traded during mid-day trading, an increase of 121% from the previous session’s volume of 4,078,915 shares.The stock last traded at $28.08 and had previously closed at $27.41.

BRX has been the subject of a number of recent analyst reports. Citigroup Inc. raised Brixmor Property Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $31.00 in a research report on Friday. Deutsche Bank AG reaffirmed a “hold” rating and set a $27.00 price target (up previously from $26.00) on shares of Brixmor Property Group in a research report on Monday, July 18th. JPMorgan Chase & Co. raised shares of Brixmor Property Group from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Friday, June 3rd. Finally, Barclays PLC upped their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 19th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.40.

The company has a market capitalization of $8.45 billion and a P/E ratio of 36.00. The stock’s 50-day moving average price is $27.35 and its 200 day moving average price is $25.62.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business earned $295.43 million during the quarter, compared to analysts’ expectations of $315.21 million. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. Analysts predict that Brixmor Property Group Inc. will post $2.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Wednesday, October 5th will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, October 3rd.

In other news, major shareholder Real Estate Holding Blackstone sold 20,000,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $26.01, for a total value of $520,200,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steven F. Siegel sold 6,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $28.39, for a total value of $170,340.00. The disclosure for this sale can be found here.

Other institutional investors recently added to or reduced their stakes in the company. Morgan Stanley raised its position in Brixmor Property Group by 231.0% in the fourth quarter. Morgan Stanley now owns 997,896 shares of the real estate investment trust’s stock worth $25,764,000 after buying an additional 696,419 shares during the period. State of New Jersey Common Pension Fund D raised its position in Brixmor Property Group by 12.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 515,000 shares of the real estate investment trust’s stock worth $13,297,000 after buying an additional 56,000 shares during the period. GSA Capital Partners LLP raised its position in Brixmor Property Group by 299.0% in the fourth quarter. GSA Capital Partners LLP now owns 40,800 shares of the real estate investment trust’s stock worth $1,053,000 after buying an additional 30,575 shares during the period. First Trust Advisors LP raised its position in Brixmor Property Group by 6.2% in the fourth quarter. First Trust Advisors LP now owns 69,264 shares of the real estate investment trust’s stock worth $1,788,000 after buying an additional 4,022 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Brixmor Property Group by 6.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 45,177 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 2,763 shares during the period.

Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

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