SG Americas Securities LLC Buys 194,325 Shares of Brixmor Property Group Inc. (NYSE:BRX)

SG Americas Securities LLC lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 840.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,433 shares of the real estate investment trust’s stock after purchasing an additional 194,325 shares during the quarter. SG Americas Securities LLC owned 0.07% of Brixmor Property Group worth $6,053,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BRX. Envestnet Asset Management Inc. raised its position in shares of Brixmor Property Group by 10.0% in the second quarter. Envestnet Asset Management Inc. now owns 283,351 shares of the real estate investment trust’s stock worth $6,543,000 after buying an additional 25,684 shares in the last quarter. Pacer Advisors Inc. increased its stake in Brixmor Property Group by 31.9% in the 2nd quarter. Pacer Advisors Inc. now owns 59,801 shares of the real estate investment trust’s stock worth $1,381,000 after acquiring an additional 14,470 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Brixmor Property Group by 2.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 263,746 shares of the real estate investment trust’s stock valued at $6,090,000 after acquiring an additional 5,979 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in shares of Brixmor Property Group by 12.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 198,964 shares of the real estate investment trust’s stock valued at $4,594,000 after acquiring an additional 21,370 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Brixmor Property Group by 8.4% in the second quarter. Bank of Montreal Can now owns 97,954 shares of the real estate investment trust’s stock worth $2,265,000 after purchasing an additional 7,610 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 0.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BRX shares. Mizuho raised their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. KeyCorp raised their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Finally, Scotiabank upped their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.19.

Brixmor Property Group Trading Up 0.7 %

NYSE:BRX opened at $26.46 on Friday. The firm has a market capitalization of $7.99 billion, a P/E ratio of 24.50, a P/E/G ratio of 3.58 and a beta of 1.59. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a fifty day moving average of $28.09 and a 200 day moving average of $27.20.

Brixmor Property Group (NYSE:BRX) last posted its earnings results 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 firm had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, research analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

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.