Algert Global LLC Raises Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Algert Global LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 128.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 477,318 shares of the real estate investment trust’s stock after acquiring an additional 268,816 shares during the quarter. Algert Global LLC owned about 0.16% of Brixmor Property Group worth $13,298,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted 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 valued at $26,000 after purchasing an additional 723 shares during the period. Blue Trust Inc. lifted its holdings in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,007 shares during the period. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at $46,000. Abich Financial Wealth Management LLC boosted its stake in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 775 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Compass Point increased their price target on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their price objective on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

Brixmor Property Group Price Performance

NYSE:BRX opened at $29.83 on Friday. The business’s 50-day simple moving average is $27.97 and its two-hundred day simple moving average is $25.40. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $29.99. The stock has a market cap of $9.01 billion, a PE ratio of 27.62, a P/E/G ratio of 4.05 and a beta of 1.57. 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 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 business had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is 100.93%.

Insider Buying and Selling

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, November 20th. The stock was 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. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.76% of the stock is owned by company insiders.

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.