GAMMA Investing LLC Takes Position in Brixmor Property Group Inc. (NYSE:BRX)

GAMMA Investing LLC acquired a new position in Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,991 shares of the real estate investment trust’s stock, valued at approximately $45,000.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in Brixmor Property Group by 8.8% in the 3rd quarter. Raymond James & Associates now owns 46,730 shares of the real estate investment trust’s stock valued at $971,000 after acquiring an additional 3,797 shares during the last quarter. New York State Teachers Retirement System lifted its position in Brixmor Property Group by 1.2% during the third quarter. New York State Teachers Retirement System now owns 329,659 shares of the real estate investment trust’s stock worth $6,850,000 after buying an additional 4,006 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brixmor Property Group by 4.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 145,205 shares of the real estate investment trust’s stock worth $3,017,000 after buying an additional 6,525 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Brixmor Property Group by 13.2% in the 3rd quarter. Mackenzie Financial Corp now owns 237,873 shares of the real estate investment trust’s stock worth $4,696,000 after buying an additional 27,683 shares during the last quarter. Finally, Strs Ohio grew its holdings in Brixmor Property Group by 126.8% in the 3rd quarter. Strs Ohio now owns 1,332,975 shares of the real estate investment trust’s stock valued at $27,699,000 after buying an additional 745,288 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRX has been the topic of several recent analyst reports. Truist Financial reiterated a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They set a “buy” rating and a $27.00 price target 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 research note on Friday, February 23rd. The Goldman Sachs Group dropped their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Stifel Nicolaus lifted their target price on Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $25.38.

Brixmor Property Group Price Performance

BRX stock opened at $22.20 on Friday. The stock has a 50-day simple moving average of $22.28 and a 200-day simple moving average of $22.23. The firm has a market cap of $6.69 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.67 and a beta of 1.53. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.58 and a current ratio of 1.45. Brixmor Property Group Inc. has a 1 year low of $19.40 and a 1 year high of $24.47.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The firm had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.09 earnings per share for the current fiscal year.

Brixmor Property Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.2725 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.09 dividend on an annualized basis and a yield of 4.91%. Brixmor Property Group’s dividend payout ratio is currently 117.21%.

Insider Buying and Selling at Brixmor Property Group

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

Brixmor Property Group 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.