M&T Bank Corp Acquires 810 Shares of Brixmor Property Group Inc. (NYSE:BRX)

M&T Bank Corp lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 0.5% during the 4th quarter, HoldingsChannel reports. The fund owned 162,941 shares of the real estate investment trust’s stock after acquiring an additional 810 shares during the quarter. M&T Bank Corp’s holdings in Brixmor Property Group were worth $3,792,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Metis Global Partners LLC grew its position in shares of Brixmor Property Group by 2.9% during the 3rd quarter. Metis Global Partners LLC now owns 17,625 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 496 shares in the last quarter. Fifth Third Bancorp grew its position in Brixmor Property Group by 27.9% during the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 535 shares in the last quarter. Assetmark Inc. increased its stake in Brixmor Property Group by 2.5% during the 3rd quarter. Assetmark Inc. now owns 23,657 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 582 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Brixmor Property Group by 1.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust’s stock worth $1,068,000 after acquiring an additional 606 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Brixmor Property Group by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust’s stock valued at $2,732,000 after acquiring an additional 670 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $22.37 on Wednesday. The business has a 50 day moving average of $22.27 and a 200-day moving average of $22.28. The company has a market capitalization of $6.74 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.67 and a beta of 1.53. Brixmor Property Group Inc. has a 1 year low of $19.40 and a 1 year high of $24.47. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.45 and a quick ratio of 1.45.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). The business had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.09 earnings per share for the current year.

Brixmor Property Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Monday, July 1st. Brixmor Property Group’s payout ratio is presently 117.21%.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Michael B. Berman sold 10,475 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the completion of the transaction, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group 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 transaction, the insider now directly owns 225,051 shares of the company’s stock, valued at approximately $5,176,173. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the transaction, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Brixmor Property Group 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.