Vert Asset Management LLC Acquires 3,250 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Vert Asset Management LLC boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,534 shares of the real estate investment trust’s stock after purchasing an additional 3,250 shares during the period. Brixmor Property Group comprises 1.1% of Vert Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Vert Asset Management LLC’s holdings in Brixmor Property Group were worth $3,330,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC acquired a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $696,000. Hummer Financial Advisory Services Inc bought a new stake in Brixmor Property Group in the third quarter valued at $240,000. Creative Planning raised its stake in Brixmor Property Group by 6.0% during the third quarter. Creative Planning now owns 15,491 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 876 shares in the last quarter. Oliver Luxxe Assets LLC boosted its stake in shares of Brixmor Property Group by 73.9% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 93,908 shares of the real estate investment trust’s stock valued at $2,616,000 after purchasing an additional 39,910 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 723 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Scotiabank boosted their target price on Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Wells Fargo & Company raised their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Evercore ISI boosted their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Compass Point increased their target price on Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.38.

Insider Activity at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.76% of the stock is currently owned by corporate insiders.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $28.35 on Friday. The business’s 50-day simple moving average is $27.23 and its 200 day simple moving average is $24.32. 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 $8.54 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 4.43 and a beta of 1.57. Brixmor Property Group Inc. has a 12-month low of $19.55 and a 12-month high of $28.45.

Brixmor Property Group (NYSE:BRX) last issued its earnings results 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). The business had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 117.20%.

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.