Mutual of America Capital Management LLC Trims Position in Brixmor Property Group Inc. (NYSE:BRX)

Mutual of America Capital Management LLC decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 185,747 shares of the real estate investment trust’s stock after selling 9,647 shares during the period. Mutual of America Capital Management LLC’s holdings in Brixmor Property Group were worth $4,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BRX. Belpointe Asset Management LLC increased its position in Brixmor Property Group by 42.9% during the first 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 during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Brixmor Property Group during the first quarter worth approximately $43,000. Covestor Ltd increased its position 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 worth $47,000 after purchasing an additional 1,159 shares during the last quarter. Fifth Third Bancorp increased 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 purchasing an additional 535 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in Brixmor Property Group during the second quarter worth approximately $80,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Activity at Brixmor Property Group

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

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $21.24 on Tuesday. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47. The firm has a fifty day moving average of $22.58 and a 200-day moving average of $22.11. The firm has a market capitalization of $6.40 billion, a P/E ratio of 21.03, a PEG ratio of 2.58 and a beta of 1.53. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX) last released 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). The firm had revenue of $316.49 million for the quarter, compared to analyst estimates of $311.77 million. Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. Brixmor Property Group’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, 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 was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a yield of 5.14%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, April 1st. Brixmor Property Group’s dividend payout ratio (DPR) is presently 107.92%.

Wall Street Analyst Weigh In

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

Brixmor Property Group Company Profile

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.