Edgestream Partners L.P. Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Edgestream Partners L.P. bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, Holdings Channel reports. The fund bought 173,068 shares of the real estate investment trust’s stock, valued at approximately $3,996,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Oliver Luxxe Assets LLC bought a new stake in Brixmor Property Group in the 4th quarter valued at about $851,000. Larson Financial Group LLC bought a new stake in shares of Brixmor Property Group in the first quarter valued at approximately $47,000. Schroder Investment Management Group grew its position in Brixmor Property Group by 4.9% during the fourth quarter. Schroder Investment Management Group now owns 1,904,192 shares of the real estate investment trust’s stock worth $44,311,000 after buying an additional 89,445 shares in the last quarter. PGGM Investments increased its stake in Brixmor Property Group by 167.2% during the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock worth $86,847,000 after acquiring an additional 2,353,582 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in Brixmor Property Group during the 1st quarter worth $16,964,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial increased their target price on Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Mizuho increased their price objective on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Compass Point boosted their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Wells Fargo & Company increased their price target on shares of 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. Finally, StockNews.com downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average target price of $28.38.

Brixmor Property Group Price Performance

Shares of BRX opened at $28.01 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The stock has a market cap of $8.44 billion, a PE ratio of 30.11, a PEG ratio of 4.78 and a beta of 1.57. Brixmor Property Group Inc. has a 12-month low of $19.46 and a 12-month high of $28.38. The business has a 50-day simple moving average of $25.77 and a two-hundred day simple moving average of $23.52.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. During the same period in the prior year, the company earned $0.52 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts anticipate that Brixmor Property Group Inc. will post 2.13 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.89%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.20%.

Insiders Place Their Bets

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