Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 121,229 shares of the real estate investment trust’s stock after purchasing an additional 15,103 shares during the quarter. Van ECK Associates Corp’s holdings in Brixmor Property Group were worth $2,821,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Metis Global Partners LLC boosted its position in Brixmor Property Group by 2.9% during the 3rd quarter. Metis Global Partners LLC now owns 17,625 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 496 shares during the period. Fifth Third Bancorp grew its position in Brixmor Property Group by 27.9% in the 3rd quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 535 shares in the last quarter. Assetmark Inc. increased its stake in Brixmor Property Group by 2.5% during the 3rd quarter. Assetmark Inc. now owns 23,657 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 582 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Brixmor Property Group by 1.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust’s stock worth $1,068,000 after buying an additional 606 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Brixmor Property Group by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust’s stock worth $2,732,000 after acquiring an additional 670 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BRX shares. Truist Financial reaffirmed a “buy” rating and set a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. 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 target price on the stock. The Goldman Sachs Group cut their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Mizuho reiterated a “neutral” rating and issued a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Finally, Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and an average price target of $25.38.

Insider Transactions at Brixmor Property Group

In related news, Director Michael B. Berman sold 10,475 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Michael B. Berman sold 10,475 shares of the business’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 value of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares in the company, valued at approximately $925,487.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, 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 currently owned by company insiders.

Brixmor Property Group Price Performance

NYSE BRX opened at $22.37 on Wednesday. The company has a 50 day simple moving average of $22.27 and a 200-day simple moving average of $22.28. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 24.05, 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 current ratio of 1.45 and a quick ratio of 1.45.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The firm had revenue of $320.24 million during the quarter, compared to analysts’ expectations of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. Equities research 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 firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.09 annualized dividend and a dividend yield of 4.87%. Brixmor Property Group’s dividend payout ratio (DPR) is 117.21%.

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.