Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in Brixmor Property Group Inc. (NYSE:BRXFree Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,448 shares of the real estate investment trust’s stock after purchasing an additional 7,553 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Brixmor Property Group worth $4,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $45,000. Fifth Third Bancorp boosted its stake in shares of Brixmor Property Group by 27.9% in the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 535 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $216,000. QRG Capital Management Inc. purchased a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $228,000. Finally, NBC Securities Inc. purchased a new stake in Brixmor Property Group during the third quarter worth $253,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider now owns 225,051 shares of the company’s stock, valued at $5,176,173. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $22.33 on Thursday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 24.01, a PEG ratio of 2.63 and a beta of 1.53. The stock has a fifty day moving average price of $22.21 and a 200 day moving average price of $22.36. Brixmor Property Group Inc. has a 52 week low of $19.40 and a 52 week 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.

Brixmor Property Group (NYSE:BRXGet Free Report) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 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 business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Equities research analysts anticipate that Brixmor Property Group Inc. will post 2.09 earnings per share for the current year.

Brixmor Property Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a $0.2725 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.09 annualized dividend and a yield of 4.88%. Brixmor Property Group’s payout ratio is currently 117.21%.

Analysts Set New Price Targets

A number of analysts have commented on BRX shares. JPMorgan Chase & Co. decreased their target price on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday. Stifel Nicolaus boosted their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They set a “buy” rating and a $27.00 target price on the stock. 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. Finally, Truist Financial reissued a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.13.

Check Out Our Latest Stock Report on Brixmor Property Group

About Brixmor Property Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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