OLD National Bancorp IN Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

OLD National Bancorp IN purchased a new position in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,588 shares of the real estate investment trust’s stock, valued at approximately $270,000.

Other large investors have also bought and sold shares of the company. Jump Financial LLC purchased a new position in Brixmor Property Group in the 3rd quarter worth approximately $1,630,000. Chilton Capital Management LLC purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $7,510,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Brixmor Property Group by 28.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,880 shares of the real estate investment trust’s stock valued at $4,325,000 after buying an additional 40,675 shares during the period. New York State Teachers Retirement System increased its stake in shares of Brixmor Property Group by 3.9% during the fourth quarter. New York State Teachers Retirement System now owns 342,436 shares of the real estate investment trust’s stock valued at $7,968,000 after buying an additional 12,777 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Brixmor Property Group by 1,073.3% during the third quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock valued at $62,754,000 after buying an additional 2,762,529 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Up 0.0 %

Shares of NYSE:BRX opened at $21.77 on Friday. The company has a market cap of $6.56 billion, a P/E ratio of 21.55, a PEG ratio of 2.63 and a beta of 1.53. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.58 and a quick ratio of 0.58. Brixmor Property Group Inc. has a 1 year low of $19.40 and a 1 year high of $24.47. The stock’s fifty day moving average price is $22.41 and its 200-day moving average price is $22.17.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The business had revenue of $316.49 million for the quarter, compared to the consensus estimate of $311.77 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a $0.273 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.09 dividend on an annualized basis and a yield of 5.02%. Brixmor Property Group’s dividend payout ratio is currently 107.92%.

Analyst Ratings Changes

Several research firms have recently issued reports on BRX. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a research note on Tuesday, January 30th. They set a “buy” rating and a $27.00 target price on the stock. Stifel Nicolaus boosted their target price on Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. The Goldman Sachs Group reduced their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Mizuho reaffirmed a “neutral” rating and issued a $24.00 price target (up from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.38.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now owns 225,051 shares of the company’s stock, valued at $5,176,173. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian T. Finnegan sold 7,500 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the sale, the insider now owns 225,051 shares of the company’s stock, valued at approximately $5,176,173. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

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.