Kestra Investment Management LLC Makes New $337,000 Investment in Brixmor Property Group Inc. (NYSE:BRX)

Kestra Investment Management LLC bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,109 shares of the real estate investment trust’s stock, valued at approximately $337,000.

Several other institutional investors also recently made changes to their positions in BRX. Price T Rowe Associates Inc. MD lifted its stake in shares of Brixmor Property Group by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust’s stock valued at $6,366,000 after purchasing an additional 14,748 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Brixmor Property Group by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 180,989 shares of the real estate investment trust’s stock worth $4,145,000 after acquiring an additional 4,314 shares in the last quarter. GAMMA Investing LLC grew 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 acquiring an additional 903 shares during the period. OLD National Bancorp IN increased its stake in Brixmor Property Group by 9.6% in the 2nd quarter. OLD National Bancorp IN now owns 12,653 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 1,109 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings 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 worth $4,806,000 after purchasing an additional 71,461 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 1.0 %

Shares of NYSE:BRX opened at $29.77 on Tuesday. 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 $8.99 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.57. The stock’s 50-day moving average price is $28.27 and its two-hundred day moving average price is $25.84. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.86%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 100.93%.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wells Fargo & Company lifted their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Stifel Nicolaus increased their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Truist Financial raised their price target on 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, KeyCorp upped their price objective 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. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.38.

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.