Quadrature Capital Ltd Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Quadrature Capital Ltd acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,516 shares of the real estate investment trust’s stock, valued at approximately $404,000.

Several other large investors also recently made changes to their positions in the stock. UMB Bank n.a. raised its position in Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares in the last quarter. Quarry LP raised its holdings in shares of Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the period. Blue Trust Inc. lifted its stake in Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,007 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in Brixmor Property Group during the third quarter worth about $46,000. Finally, Fifth Third Bancorp increased its position in Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 431 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BRX. 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 research report on Tuesday, October 29th. Truist Financial lifted their price objective 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. Evercore ISI increased their price objective 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. Wells Fargo & Company lifted their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, Mizuho increased their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average target price of $29.65.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is currently owned by insiders.

Brixmor Property Group Trading Down 0.5 %

Shares of NYSE:BRX opened at $29.58 on Tuesday. The business’s 50 day simple moving average is $28.47 and its 200 day simple moving average is $26.10. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $8.93 billion, a P/E ratio of 27.39, a P/E/G ratio of 4.05 and a beta of 1.58.

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). The company had revenue of $320.68 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. On average, research analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 3.88%. Brixmor Property Group’s dividend payout ratio is presently 100.93%.

About Brixmor Property Group

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.