1832 Asset Management L.P. Lowers Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

1832 Asset Management L.P. cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 34.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 474,352 shares of the real estate investment trust’s stock after selling 249,041 shares during the period. 1832 Asset Management L.P. owned 0.16% of Brixmor Property Group worth $10,953,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,007 shares during the last quarter. Quarry LP purchased a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $40,000. Larson Financial Group LLC bought a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $47,000. Abich Financial Wealth Management LLC lifted its position in 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 during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 431 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $27.90 on Tuesday. The company has a market capitalization of $8.41 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 4.78 and a beta of 1.57. 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’s fifty day moving average price is $26.24 and its 200 day moving average price is $23.70. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $28.45.

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 return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts predict 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 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. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.20%.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 360,004 shares in the company, 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 Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following 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. Corporate insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Compass Point upped their price target on Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. StockNews.com lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Evercore ISI raised their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Truist Financial increased their price objective on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.38.

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.