Van ECK Associates Corp Boosts Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Van ECK Associates Corp lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,229 shares of the real estate investment trust’s stock after purchasing an additional 15,103 shares during the period. Van ECK Associates Corp’s holdings in Brixmor Property Group were worth $2,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BRX. Raymond James & Associates boosted its stake in Brixmor Property Group by 8.8% during the 3rd quarter. Raymond James & Associates now owns 46,730 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 3,797 shares during the last quarter. New York State Teachers Retirement System boosted its position in Brixmor Property Group by 1.2% during the third quarter. New York State Teachers Retirement System now owns 329,659 shares of the real estate investment trust’s stock worth $6,850,000 after acquiring an additional 4,006 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Brixmor Property Group by 4.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 145,205 shares of the real estate investment trust’s stock valued at $3,017,000 after acquiring an additional 6,525 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Brixmor Property Group by 13.2% in the 3rd quarter. Mackenzie Financial Corp now owns 237,873 shares of the real estate investment trust’s stock worth $4,696,000 after purchasing an additional 27,683 shares in the last quarter. Finally, Strs Ohio lifted its stake in Brixmor Property Group by 126.8% in the 3rd quarter. Strs Ohio now owns 1,332,975 shares of the real estate investment trust’s stock worth $27,699,000 after purchasing an additional 745,288 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Transactions at Brixmor Property Group

In related news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction that occurred on Friday, March 8th. The shares were 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 owns 225,051 shares in the company, valued at $5,176,173. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael B. Berman sold 10,475 shares of the 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 sale, the director now directly owns 40,556 shares in the company, valued at approximately $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 Stock Performance

Shares of BRX stock opened at $22.37 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap 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. The firm’s 50 day moving average price is $22.27 and its 200-day moving average price is $22.28. Brixmor Property Group Inc. has a one year low of $19.40 and a one year high of $24.47.

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

Brixmor Property Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.