Dimensional Fund Advisors LP Buys 396,242 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Dimensional Fund Advisors LP lifted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,804,746 shares of the real estate investment trust’s stock after acquiring an additional 396,242 shares during the period. Dimensional Fund Advisors LP owned 1.59% of Brixmor Property Group worth $110,940,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position 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 valued at $33,000 after buying an additional 1,007 shares in the last quarter. Quarry LP purchased a new position in Brixmor Property Group during the fourth quarter worth approximately $40,000. Larson Financial Group LLC acquired a new position in shares of Brixmor Property Group during the first quarter valued at approximately $47,000. Abich Financial Wealth Management LLC raised 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 during the last quarter. Finally, Fifth Third Bancorp raised its holdings 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 acquiring an additional 431 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brixmor Property Group

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BRX shares. Scotiabank increased their price target on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. KeyCorp lifted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Compass Point lifted their target price on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Piper Sandler reaffirmed an “overweight” rating and set a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group lifted their price target on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.90 on Tuesday. The stock 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. Brixmor Property Group Inc. has a 52-week low of $19.46 and a 52-week high of $28.45. The stock’s 50-day moving average price is $26.24 and its 200 day moving average price is $23.70. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm 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%. Brixmor Property Group’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s payout ratio 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.