Brixmor Property Group Inc. (NYSE:BRX) Position Reduced by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,207 shares of the real estate investment trust’s stock after selling 477 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Brixmor Property Group were worth $535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BRX. UMB Bank n.a. grew its stake in Brixmor Property Group by 328.6% in the third 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. Quarry LP lifted its holdings in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 364 shares during the last quarter. Blue Trust Inc. grew its position in shares of 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 worth $33,000 after acquiring an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $46,000. Finally, Fifth Third Bancorp raised its position in shares of Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 431 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. This trade 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 is available through the SEC website. 0.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho lifted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday. KeyCorp lifted their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Finally, Truist Financial upped their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average target price of $29.96.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $28.86 on Friday. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month 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 firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 3.96 and a beta of 1.58. The business has a 50 day simple moving average of $28.59 and a 200 day simple moving average of $26.24.

Brixmor Property Group (NYSE:BRX) last released its quarterly 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 during the quarter, compared to the consensus estimate of $320.22 million. During the same period in the previous year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.98%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s payout ratio is 100.93%.

Brixmor Property Group 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.