Foundations Investment Advisors LLC Purchases New Position in Brixmor Property Group Inc. (NYSE:BRX)

Foundations Investment Advisors LLC acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the third quarter, according to its most recent filing with the SEC. The fund acquired 8,338 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BRX. UMB Bank n.a. grew its holdings in Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. boosted its stake in Brixmor Property Group by 258.9% during the second 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 during the period. Larson Financial Group LLC purchased a new position in Brixmor Property Group during the first quarter worth about $47,000. Abich Financial Wealth Management LLC increased its stake in Brixmor Property Group by 50.7% in 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 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% 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 acquiring an additional 431 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling

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 stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the sale, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BRX. KeyCorp boosted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Compass Point raised their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Truist Financial upped their target price on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company raised 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. Finally, Scotiabank upped their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.38.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $27.47 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50. Brixmor Property Group Inc. has a one year low of $19.63 and a one year high of $28.45. The business’s 50 day simple moving average is $27.46 and its two-hundred day simple moving average is $24.53. The stock has a market capitalization of $8.28 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its 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 during 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 firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share. Analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were paid a $0.2725 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $1.09 annualized dividend and a dividend yield of 3.97%. Brixmor Property Group’s payout ratio is presently 117.20%.

About Brixmor Property Group

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.