Assetmark Inc. Buys 2,810 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Assetmark Inc. raised its stake in shares of Brixmor Property Group Inc. (NYSE:BRXGet Rating) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,135 shares of the real estate investment trust’s stock after buying an additional 2,810 shares during the period. Assetmark Inc.’s holdings in Brixmor Property Group were worth $390,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. bought a new position in Brixmor Property Group during the second quarter valued at about $26,000. Brown Brothers Harriman & Co. bought a new position in Brixmor Property Group during the first quarter valued at about $43,000. Covestor Ltd raised its holdings in Brixmor Property Group by 170.2% during the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,159 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in Brixmor Property Group during the third quarter valued at about $42,000. Finally, Charter Oak Capital Management LLC bought a new position in Brixmor Property Group during the second quarter valued at about $49,000. 95.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BRX has been the topic of several recent research reports. Barclays raised their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Credit Suisse Group lifted their price objective on Brixmor Property Group to $24.00 in a research note on Friday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Brixmor Property Group from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, October 7th. Piper Sandler dropped their price objective on Brixmor Property Group from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th. Finally, Evercore ISI dropped their price objective on Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $24.42.

Brixmor Property Group Stock Down 0.8 %

NYSE BRX opened at $22.29 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average is $22.57 and its two-hundred day moving average is $21.62. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.57 and a beta of 1.55. Brixmor Property Group Inc. has a 1-year low of $17.62 and a 1-year high of $27.19.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Wednesday, January 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.67%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, January 3rd. Brixmor Property Group’s payout ratio is presently 96.30%.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Michael B. Berman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $22.96, for a total value of $344,400.00. Following the transaction, the director now directly owns 45,146 shares of the company’s stock, valued at approximately $1,036,552.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.

Brixmor Property Group Company Profile

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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 395 retail centers comprise approximately 69 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.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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