Brixmor Property Group Inc. (NYSE:BRX) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in Brixmor Property Group Inc. (NYSE:BRX) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,955 shares of the real estate investment trust’s stock after purchasing an additional 1,058 shares during the quarter. Federated Hermes Inc.’s holdings in Brixmor Property Group were worth $761,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BRX. Blue Trust Inc. grew its stake in Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,007 shares during the last quarter. Quarry LP acquired a new stake in Brixmor Property Group in the fourth quarter worth about $40,000. Larson Financial Group LLC purchased a new stake in shares of Brixmor Property Group during the first quarter worth about $47,000. Abich Financial Wealth Management LLC increased its holdings in shares of Brixmor Property Group by 50.7% during the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 431 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRX has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $24.00 to $25.50 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Scotiabank lifted their target price 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. Finally, Compass Point lifted their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $27.74 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. The company has a 50 day simple moving average of $26.16 and a two-hundred day simple moving average of $23.66. Brixmor Property Group Inc. has a 12 month low of $19.46 and a 12 month high of $28.45. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 4.78 and a beta of 1.57.

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

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 117.20%.

Insider Activity at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were 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 approximately $1,178,105.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related 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 completion of 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 SEC, which is available through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction on 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 sale, 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. Company insiders own 0.76% of the company’s stock.

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.