Everence Capital Management Inc. Invests $235,000 in Brixmor Property Group Inc. (NYSE:BRX)

Everence Capital Management Inc. acquired a new position in Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,430 shares of the real estate investment trust’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. grew its position in 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 purchasing an additional 723 shares during the last quarter. Quarry LP lifted its stake 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 buying an additional 364 shares during the period. Maryland Capital Advisors Inc. bought a new stake in shares of Brixmor Property Group in the third quarter valued at about $46,000. Blue Trust Inc. grew its position in Brixmor Property Group by 103.7% during the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 1,448 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Brixmor Property Group by 53.1% during the third quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 1,533 shares during the period. Institutional investors own 98.43% of the company’s stock.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’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 transaction, the insider now directly 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 Securities & Exchange Commission, which is available at this link. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $26.33 on Thursday. The firm has a 50 day simple moving average of $28.61 and a 200 day simple moving average of $26.94. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. 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 firm has a market cap of $7.95 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.96 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share 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 the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is 106.48%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BRX shares. Mizuho raised their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank raised their price objective 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. Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. 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 stock from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Truist Financial lifted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.