Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Algert Global LLC

Algert Global LLC increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 29.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,502 shares of the real estate investment trust’s stock after acquiring an additional 47,062 shares during the period. Algert Global LLC owned approximately 0.07% of Brixmor Property Group worth $4,814,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 431 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Brixmor Property Group by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 481 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 775 shares during the period. GAMMA Investing LLC grew its position in Brixmor Property Group by 45.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 903 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.1 %

Shares of NYSE:BRX opened at $27.40 on Monday. The firm has a 50 day simple moving average of $26.49 and a 200 day simple moving average of $23.84. Brixmor Property Group Inc. has a 52 week low of $19.46 and a 52 week high of $28.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market cap of $8.26 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 4.56 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (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 business had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. During the same quarter in the previous year, the company earned $0.52 EPS. Brixmor Property Group’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a $0.2725 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.98%. Brixmor Property Group’s dividend payout ratio is 117.20%.

Wall Street Analyst Weigh In

BRX has been the subject of a number of research analyst reports. Scotiabank upped their price target on shares of Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Stifel Nicolaus increased their price target on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Wells Fargo & Company lifted their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. KeyCorp upped their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Mizuho lifted 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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Insider Transactions at Brixmor Property Group

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

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.