Ascent Group LLC Acquires New Stake in Brixmor Property Group Inc. (NYSE:BRX)

Ascent Group LLC bought a new position in Brixmor Property Group Inc. (NYSE:BRX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,634 shares of the real estate investment trust’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Brixmor Property Group by 45.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 903 shares during the last quarter. OLD National Bancorp IN increased its stake in Brixmor Property Group by 9.6% in the second quarter. OLD National Bancorp IN now owns 12,653 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 1,109 shares during the last quarter. SG Americas Securities LLC raised its position in Brixmor Property Group by 52.3% during the second quarter. SG Americas Securities LLC now owns 208,139 shares of the real estate investment trust’s stock valued at $4,806,000 after purchasing an additional 71,461 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Brixmor Property Group by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 481 shares during the last quarter. Finally, PGGM Investments boosted its holdings in shares of Brixmor Property Group by 167.2% in the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after purchasing an additional 2,353,582 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $29.51 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The firm has a market cap of $8.91 billion, a P/E ratio of 27.32, a P/E/G ratio of 4.05 and a beta of 1.58. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The firm has a 50-day moving average of $28.39 and a 200-day moving average of $25.94.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The business had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a $0.287 dividend. The ex-dividend date is Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 3.89%. Brixmor Property Group’s dividend payout ratio is 100.93%.

Wall Street Analyst Weigh In

BRX has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Mizuho lifted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Wells Fargo & Company upped their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Truist Financial lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Evercore ISI upped their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.38.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.