Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 73.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,636 shares of the real estate investment trust’s stock after buying an additional 693 shares during the period. UMB Bank n.a.’s holdings in Brixmor Property Group were worth $46,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of Brixmor Property Group by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock worth $895,000 after purchasing an additional 532 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 12,593 shares during the period. Oliver Luxxe Assets LLC boosted its holdings in shares of Brixmor Property Group by 6.2% in the 4th quarter. Oliver Luxxe Assets LLC now owns 99,697 shares of the real estate investment trust’s stock valued at $2,776,000 after acquiring an additional 5,789 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Brixmor Property Group during the fourth quarter worth $235,000. Finally, GAMMA Investing LLC boosted its holdings in Brixmor Property Group by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 631 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BRX. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Mizuho increased their target price on shares of 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 upped their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Evercore ISI cut their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, Stifel Nicolaus lifted their price target 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.19.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated 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 of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by corporate insiders.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $26.46 on Friday. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 3.58 and a beta of 1.59. The business’s 50 day moving average price is $28.09 and its 200 day moving average price is $27.23. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results 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). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.34%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, January 3rd. Brixmor Property Group’s payout ratio is 106.48%.

Brixmor Property Group 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.