Daiwa Securities Group Inc. Has $11.33 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Daiwa Securities Group Inc. lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 403.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,499 shares of the real estate investment trust’s stock after purchasing an additional 392,978 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Brixmor Property Group were worth $11,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Brixmor Property Group by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 190,448 shares of the real estate investment trust’s stock worth $4,432,000 after buying an additional 7,553 shares in the last quarter. Versor Investments LP bought a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $212,000. BNP Paribas Financial Markets increased its holdings in shares of Brixmor Property Group by 374.7% in the fourth quarter. BNP Paribas Financial Markets now owns 309,602 shares of the real estate investment trust’s stock valued at $7,204,000 after purchasing an additional 244,387 shares in the last quarter. QRG Capital Management Inc. raised its position in Brixmor Property Group by 10.0% in the 4th quarter. QRG Capital Management Inc. now owns 12,049 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Brixmor Property Group by 16.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock worth $348,718,000 after buying an additional 2,067,135 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $27.27 on Wednesday. Brixmor Property Group Inc. has a one year low of $19.46 and a one year high of $27.70. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 4.76 and a beta of 1.57. The stock’s fifty day moving average price is $25.36 and its two-hundred day moving average price is $23.37. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The business had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 4.00%. Brixmor Property Group’s dividend payout ratio is presently 117.21%.

Analysts Set New Price Targets

BRX has been the subject of a number of analyst reports. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Truist Financial upped their target price on shares of Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 16th. 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 report on Monday, August 19th. Scotiabank boosted their price target on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Finally, KeyCorp increased their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus target price of $28.29.

Insider Buying and Selling at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at $1,178,105.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the insider now owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the transaction, the director now directly owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Company 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.