Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Perpetual Ltd

Perpetual Ltd lessened its stake in Brixmor Property Group Inc. (NYSE:BRX) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,060 shares of the real estate investment trust’s stock after selling 4,170 shares during the period. Perpetual Ltd’s holdings in Brixmor Property Group were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares during the period. Quarry LP boosted its holdings in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 364 shares during the period. Maryland Capital Advisors Inc. purchased a new position in shares of Brixmor Property Group during the third quarter worth approximately $46,000. Blue Trust Inc. increased its holdings in shares of Brixmor Property Group by 103.7% in the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 1,448 shares during the period. Finally, GAMMA Investing LLC raised its position in Brixmor Property Group by 53.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BRX. BMO Capital Markets raised shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Scotiabank raised their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Truist Financial upped their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI lowered their target price on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Finally, Stifel Nicolaus upped their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.19.

Insider Activity

In related 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 sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of BRX opened at $25.91 on Thursday. The company has a market capitalization of $7.83 billion, a PE ratio of 23.99, a P/E/G ratio of 3.63 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 50-day simple moving average of $28.18 and a 200-day simple moving average of $27.18. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 25.81% and a return on equity of 11.48%. Brixmor Property Group’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities research analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a $0.287 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.15 annualized dividend and a yield of 4.43%. Brixmor Property Group’s dividend payout ratio is 106.48%.

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.