JPMorgan Chase & Co. Lowers Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

JPMorgan Chase & Co. lessened its stake in Brixmor Property Group Inc. (NYSE:BRX) by 50.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,764,686 shares of the real estate investment trust’s stock after selling 3,908,824 shares during the period. JPMorgan Chase & Co. owned 1.25% of Brixmor Property Group worth $104,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in shares of Brixmor Property Group by 36.3% in the third 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 during the period. Creative Planning increased its stake in Brixmor Property Group by 2.8% in the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 396 shares during the period. State of Alaska Department of Revenue increased its stake in Brixmor Property Group by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock valued at $4,961,000 after buying an additional 643 shares during the period. Truist Financial Corp raised its position in Brixmor Property Group by 0.8% during the 2nd quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 659 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction 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 directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Up 1.4 %

BRX stock opened at $27.84 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The company’s 50 day simple moving average is $28.65 and its 200-day simple moving average is $26.77. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. The firm has a market capitalization of $8.41 billion, a PE ratio of 25.78, a P/E/G ratio of 3.96 and a beta of 1.58.

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

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.48%.

Analysts Set New Price Targets

Several research analysts recently issued reports on BRX shares. Stifel Nicolaus increased 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. Mizuho increased their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Scotiabank lifted their price target on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Truist Financial increased their price objective 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. Finally, BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.19.

Brixmor Property Group Company 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.