Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,267 shares of the real estate investment trust’s stock after selling 491 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Brixmor Property Group were worth $230,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its position 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 purchasing an additional 723 shares during the period. Quarry LP raised its stake in 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 worth $38,000 after buying an additional 364 shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in Brixmor Property Group in the third quarter worth about $46,000. Blue Trust Inc. lifted its holdings in Brixmor Property Group by 103.7% in 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 during the period. Finally, GAMMA Investing LLC boosted its position in Brixmor Property Group by 53.1% during the 3rd 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 in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Mizuho boosted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. KeyCorp boosted their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Scotiabank raised their target price on shares of 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. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.19.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Price Performance

Shares of BRX opened at $26.29 on Friday. The company has a 50 day moving average of $28.35 and a two-hundred day moving average of $27.08. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a twelve month low of $20.80 and a twelve month high of $30.67. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 3.39 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS 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 analyst estimates 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 quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 4.37%. The ex-dividend date was 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 currently 106.48%.

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.