Fmr LLC Raises Position in Brixmor Property Group Inc. (NYSE:BRX)

Fmr LLC raised its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 136.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,068,666 shares of the real estate investment trust’s stock after buying an additional 617,341 shares during the quarter. Fmr LLC owned about 0.35% of Brixmor Property Group worth $29,773,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BRX. OLD National Bancorp IN boosted its stake in shares of Brixmor Property Group by 9.6% in the 2nd quarter. OLD National Bancorp IN now owns 12,653 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 1,109 shares in the last quarter. SG Americas Securities LLC lifted its position in Brixmor Property Group by 52.3% during the second quarter. SG Americas Securities LLC now owns 208,139 shares of the real estate investment trust’s stock valued at $4,806,000 after purchasing an additional 71,461 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brixmor Property Group by 5.3% in the second 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 during the last quarter. PGGM Investments raised its position in shares of Brixmor Property Group by 167.2% during the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after purchasing an additional 2,353,582 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Brixmor Property Group in the second quarter worth about $228,000. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Mizuho boosted their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $30.00 to $33.00 in a research report on Friday. Finally, Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus target price of $29.65.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Price Performance

BRX stock opened at $29.74 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 4.08 and a beta of 1.58. The business has a fifty day moving average of $28.44 and a two-hundred day moving average of $26.05. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The firm had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.48%.

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.