Daiwa Securities Group Inc. Has $2.12 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

Daiwa Securities Group Inc. lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,941 shares of the real estate investment trust’s stock after selling 5,169 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Brixmor Property Group were worth $2,116,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BRX. AE Wealth Management LLC acquired a new stake in Brixmor Property Group during the third quarter worth approximately $283,000. Impact Partnership Wealth LLC bought a new stake in Brixmor Property Group during the third quarter worth $178,000. Presima Securities ULC lifted its stake in Brixmor Property Group by 82.6% during the third quarter. Presima Securities ULC now owns 1,567,572 shares of the real estate investment trust’s stock worth $32,574,000 after purchasing an additional 709,272 shares during the last quarter. Spirit of America Management Corp NY lifted its stake in Brixmor Property Group by 2.2% during the third quarter. Spirit of America Management Corp NY now owns 47,475 shares of the real estate investment trust’s stock worth $987,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Brixmor Property Group by 8.8% during the third quarter. Raymond James & Associates now owns 46,730 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 3,797 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

Brixmor Property Group Trading Up 1.2 %

Shares of BRX stock opened at $21.73 on Tuesday. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year 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 stock has a market cap of $6.55 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.59 and a beta of 1.53. The stock has a 50-day moving average of $22.44 and a 200-day moving average of $22.15.

Brixmor Property Group (NYSE:BRX) last released its 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%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Monday, April 1st. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is currently 107.92%.

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.