Brixmor Property Group Inc. (NYSE:BRX) Stock Position Lifted by Blue Trust Inc.

Blue Trust Inc. raised its stake in Brixmor Property Group Inc. (NYSE:BRX) by 258.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,396 shares of the real estate investment trust’s stock after buying an additional 1,007 shares during the quarter. Blue Trust Inc.’s holdings in Brixmor Property Group were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Brixmor Property Group in the fourth quarter worth $40,000. GAMMA Investing LLC acquired a new position in Brixmor Property Group in the 4th quarter worth about $45,000. Larson Financial Group LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter worth about $47,000. Abich Financial Wealth Management LLC lifted its holdings in shares of Brixmor Property Group by 50.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 775 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $165,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 1.8 %

Shares of BRX stock opened at $27.12 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 1.88. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $27.16. The firm’s fifty day simple moving average is $24.22 and its 200 day simple moving average is $22.99. The firm has a market capitalization of $8.17 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The company had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.12 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 117.20%.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the insider now owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the insider now directly owns 360,004 shares in the company, valued at approximately $8,640,096. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the transaction, the director now directly owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on BRX shares. Truist Financial lifted their target price on shares of Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. 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 report on Tuesday, May 28th. Finally, Mizuho boosted their target price on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.50.

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.