UBS Group AG Has $8.57 Million Holdings in Brixmor Property Group Inc. (NYSE:BRX)

UBS Group AG trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRXFree Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 368,476 shares of the real estate investment trust’s stock after selling 66,134 shares during the period. UBS Group AG owned 0.12% of Brixmor Property Group worth $8,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRX. GAMMA Investing LLC acquired a new stake in Brixmor Property Group during the 4th quarter valued at $45,000. Versor Investments LP acquired a new stake in shares of Brixmor Property Group during the 4th quarter worth about $212,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Brixmor Property Group during the 3rd quarter worth about $216,000. QRG Capital Management Inc. bought a new stake in shares of Brixmor Property Group during the 3rd quarter worth about $228,000. Finally, Vanderbilt University acquired a new position in Brixmor Property Group in the 4th quarter valued at about $265,000. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Down 0.1 %

Shares of NYSE BRX opened at $22.48 on Tuesday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 24.17, a PEG ratio of 2.73 and a beta of 1.55. The stock’s fifty day moving average is $22.06 and its 200 day moving average is $22.45. Brixmor Property Group Inc. has a 52 week low of $19.46 and a 52 week high of $24.47. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45.

Brixmor Property Group (NYSE:BRXGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The firm had revenue of $320.24 million for the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.1 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 given 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 yield of 4.85%. Brixmor Property Group’s dividend payout ratio is currently 117.21%.

Insiders Place Their Bets

In other news, 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 value of $172,500.00. Following the transaction, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $172,500.00. Following the sale, the insider now directly owns 225,051 shares in the company, valued at approximately $5,176,173. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research analyst reports. Truist Financial restated a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. Mizuho decreased their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Wells Fargo & Company lowered their price objective on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 28th. JPMorgan Chase & Co. reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Finally, Stifel Nicolaus raised 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.13.

Get Our Latest Stock Analysis on BRX

Brixmor Property Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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