Nisa Investment Advisors LLC Reduces Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Nisa Investment Advisors LLC lessened its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 10.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 109,971 shares of the real estate investment trust’s stock after selling 13,439 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Brixmor Property Group were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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% during the 1st quarter. Belpointe Asset Management LLC now owns 1,931 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 580 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Brixmor Property Group during the 1st quarter worth about $43,000. Covestor Ltd lifted its holdings in Brixmor Property Group by 170.2% during the 1st quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,159 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Brixmor Property Group by 27.9% during the 3rd quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 535 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Brixmor Property Group during the 2nd quarter worth about $80,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Brixmor Property Group Price Performance

BRX opened at $21.43 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47. The stock has a market capitalization of $6.46 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.60 and a beta of 1.53. The stock’s 50 day moving average price is $22.59 and its 200-day moving average price is $22.10.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $316.49 million for the quarter, compared to analysts’ expectations of $311.77 million. During the same period last year, the firm posted $0.49 earnings per share. Brixmor Property Group’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict 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. Investors of record on Tuesday, April 2nd will be given a dividend of $0.273 per share. The ex-dividend date is Monday, April 1st. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a dividend yield of 5.10%. Brixmor Property Group’s payout ratio is currently 107.92%.

Insider Activity at Brixmor Property Group

In related news, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group 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 directly owns 40,556 shares in the company, valued at $925,487.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Brixmor Property Group 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 directly owns 225,051 shares of the company’s stock, valued at $5,176,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

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.