DekaBank Deutsche Girozentrale Boosts Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

DekaBank Deutsche Girozentrale grew its position in Brixmor Property Group Inc. (NYSE:BRX) by 29.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,675 shares of the real estate investment trust’s stock after acquiring an additional 39,997 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Brixmor Property Group worth $4,138,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC lifted its holdings in Brixmor Property Group by 42.9% in the 1st quarter. Belpointe Asset Management LLC now owns 1,931 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 580 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Brixmor Property Group in the first quarter worth about $43,000. Covestor Ltd lifted its stake in shares of Brixmor Property Group by 170.2% in the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,159 shares in the last quarter. Fifth Third Bancorp boosted its position in Brixmor Property Group by 27.9% during the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 535 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Brixmor Property Group during the 2nd quarter valued at about $80,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brixmor Property Group

In related news, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the sale, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the transaction, the insider now owns 225,051 shares in the company, valued at $5,176,173. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael B. Berman sold 10,475 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the sale, the director now owns 40,556 shares in the company, valued at $925,487.92. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BRX. Truist Financial reissued a “buy” rating and issued a $25.00 target price on shares of Brixmor Property Group in a research note on Monday, March 25th. The Goldman Sachs Group lowered their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 target price for the company. Mizuho reiterated a “neutral” rating and set a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.38.

Brixmor Property Group Stock Down 0.1 %

Shares of NYSE:BRX opened at $21.56 on Friday. The business has a 50-day moving average price of $22.61 and a 200 day moving average price of $22.09. Brixmor Property Group Inc. has a 12-month low of $19.40 and a 12-month high of $24.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.68 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The company had revenue of $316.49 million for the quarter, compared to analyst estimates of $311.77 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. Brixmor Property Group’s revenue was up 2.6% on a year-over-year basis. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.08 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a yield of 5.06%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, April 1st. Brixmor Property Group’s dividend payout ratio is 107.92%.

About Brixmor Property Group

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 362 retail centers comprise approximately 64 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.