Park Avenue Securities LLC Purchases 12,593 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Park Avenue Securities LLC boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 95.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,852 shares of the real estate investment trust’s stock after buying an additional 12,593 shares during the quarter. Park Avenue Securities LLC’s holdings in Brixmor Property Group were worth $720,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Glenmede Trust Co. NA increased its position in Brixmor Property Group by 222.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 26,000 shares during the period. Vestcor Inc acquired a new position in Brixmor Property Group during the third quarter worth about $776,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after buying an additional 159,388 shares in the last quarter. Natixis Advisors LLC raised its position in Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after purchasing an additional 36,823 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Brixmor Property Group by 633.0% during the 3rd quarter. Raymond James & Associates now owns 97,728 shares of the real estate investment trust’s stock worth $2,723,000 after buying an additional 84,395 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRX. KeyCorp increased their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Scotiabank boosted their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, Truist Financial boosted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus target price of $30.19.

Brixmor Property Group Trading Down 1.3 %

Shares of BRX stock opened at $25.91 on Thursday. 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 firm has a market cap of $7.83 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 3.63 and a beta of 1.59. The business has a 50-day moving average price of $28.18 and a two-hundred day moving average price of $27.18. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $0.287 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.43%. Brixmor Property Group’s payout ratio is presently 106.48%.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’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 value of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

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.