Blue Trust Inc. Has $79,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

Blue Trust Inc. increased its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 103.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,844 shares of the real estate investment trust’s stock after purchasing an additional 1,448 shares during the period. Blue Trust Inc.’s holdings in Brixmor Property Group were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. UMB Bank n.a. increased its holdings in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 723 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Brixmor Property Group during the 1st quarter valued at $47,000. Abich Financial Wealth Management LLC raised its position 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 valued at $54,000 after purchasing an additional 775 shares during the last quarter. Fifth Third Bancorp boosted its stake in Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 431 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Brixmor Property Group by 45.5% during the second quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 903 shares during 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 on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.76% of the stock is owned by insiders.

Brixmor Property Group Stock Performance

BRX stock opened at $27.64 on Thursday. Brixmor Property Group Inc. has a twelve month low of $20.02 and a twelve month high of $28.45. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The company has a market cap of $8.33 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. The business’s fifty day moving average is $27.52 and its 200-day moving average is $24.64.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The company had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS 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. Investors of record on Friday, January 3rd will be paid a dividend of $0.287 per share. 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. This represents a $1.15 annualized dividend and a yield of 4.15%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.20%.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. 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. Compass Point raised their price target on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group increased their price objective on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.54.

Brixmor Property Group 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.