Summit Trail Advisors LLC Acquires New Position in Brixmor Property Group Inc. (NYSE:BRX)

Summit Trail Advisors LLC bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,227 shares of the real estate investment trust’s stock, valued at approximately $201,000.

A number of other large investors have also modified their holdings of the business. UMB Bank n.a. grew its holdings 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 worth $26,000 after acquiring an additional 723 shares during the period. Quarry LP boosted its position in shares of 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 purchasing an additional 364 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth $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 purchasing an additional 1,448 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Brixmor Property Group in the third quarter valued at about $136,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Up 1.3 %

BRX opened at $27.56 on Thursday. The firm has a market cap of $8.32 billion, a P/E ratio of 25.52, a PEG ratio of 2.54 and a beta of 1.58. The business’s fifty day simple moving average is $27.18 and its 200 day simple moving average is $27.44. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. 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 quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. As a group, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a yield of 4.17%. Brixmor Property Group’s payout ratio is 106.48%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Scotiabank lifted their price objective 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. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday. Finally, KeyCorp raised their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.69.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.76% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.