Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in Brixmor Property Group Inc. (NYSE:BRX) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 33,952 shares of the real estate investment trust’s stock after buying an additional 2,057 shares during the quarter. New York Life Investment Management LLC’s holdings in Brixmor Property Group were worth $790,000 as of its most recent SEC filing.

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

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $22.14 on Thursday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 23.81, 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 current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86. The stock’s fifty day simple moving average is $22.26 and its 200-day simple moving average is $22.28.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Brixmor Property Group’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. On average, sell-side analysts predict that Brixmor Property Group Inc. will post 2.09 earnings per share for the current fiscal 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 given a $0.2725 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.09 dividend on an annualized basis and a yield of 4.92%. Brixmor Property Group’s payout ratio is 117.20%.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Brixmor Property Group in a report on Tuesday, January 30th. They set a “buy” rating and a $27.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, February 13th. 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. Truist Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a research report on Monday, March 25th. Finally, The Goldman Sachs Group cut their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Michael B. Berman sold 10,475 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the transaction, the director now directly owns 40,556 shares of the company’s stock, valued at $925,487.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Brixmor Property Group 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 sale, the insider now directly owns 225,051 shares in the company, valued at $5,176,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 40,556 shares of the company’s stock, valued at $925,487.92. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

About Brixmor Property Group

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.