Hsbc Holdings PLC Purchases 111,399 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Hsbc Holdings PLC raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 23.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 582,055 shares of the real estate investment trust’s stock after acquiring an additional 111,399 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Brixmor Property Group worth $13,363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp lifted 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 valued at $62,000 after purchasing an additional 431 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Brixmor Property Group by 5.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 481 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position 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 worth $54,000 after buying an additional 775 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 worth $67,000 after buying an additional 903 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Brixmor Property Group by 4.0% in the fourth quarter. Assetmark Inc. now owns 24,599 shares of the real estate investment trust’s stock valued at $572,000 after acquiring an additional 942 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction dated 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 in the company, valued at approximately $8,640,096. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’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 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BRX shares. Stifel Nicolaus lifted their price target on Brixmor Property Group from $24.00 to $25.50 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Piper Sandler reissued an “overweight” rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Compass Point raised their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. KeyCorp lifted their price objective 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, August 7th. Finally, StockNews.com downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. 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, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average price target of $28.38.

Brixmor Property Group Trading Down 1.0 %

NYSE:BRX opened at $27.74 on Monday. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $28.45. The stock’s fifty day moving average price is $26.16 and its two-hundred day moving average price is $23.66. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $8.36 billion, a P/E ratio of 29.83, a P/E/G ratio of 4.78 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data 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). The company had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. As a group, analysts expect that Brixmor Property Group Inc. will post 2.13 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 $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 3.93%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.20%.

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.