Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by US Bancorp DE

US Bancorp DE raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,064 shares of the real estate investment trust’s stock after purchasing an additional 405 shares during the period. US Bancorp DE’s holdings in Brixmor Property Group were worth $225,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BRX. V Square Quantitative Management LLC purchased a new position in Brixmor Property Group during the fourth quarter worth about $26,000. Quarry LP grew its stake in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. UMB Bank n.a. grew its stake in Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 693 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Brixmor Property Group by 140.9% during the 4th quarter. Venturi Wealth Management LLC now owns 1,949 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Brixmor Property Group by 29.5% in the 4th quarter. Blue Trust Inc. now owns 3,683 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 839 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $25.50 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The business has a 50-day moving average of $26.72 and a two-hundred day moving average of $27.65. The stock has a market capitalization of $7.80 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.51%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is currently 103.60%.

Analyst Ratings Changes

Several brokerages have recently commented on BRX. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Tuesday, February 11th. Mizuho lowered their price target on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Finally, Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.56.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.