Duality Advisers LP Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Duality Advisers LP purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,022 shares of the real estate investment trust’s stock, valued at approximately $512,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Metis Global Partners LLC grew its position in shares of Brixmor Property Group by 2.9% in the 3rd quarter. Metis Global Partners LLC now owns 17,625 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 496 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Brixmor Property Group by 27.9% in the 3rd quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 535 shares during the last quarter. Assetmark Inc. grew its position in shares of Brixmor Property Group by 2.5% in the 3rd quarter. Assetmark Inc. now owns 23,657 shares of the real estate investment trust’s stock valued at $492,000 after buying an additional 582 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Brixmor Property Group by 1.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust’s stock valued at $1,068,000 after buying an additional 606 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Brixmor Property Group by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust’s stock valued at $2,732,000 after buying an additional 670 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BRX. Mizuho reiterated a “neutral” rating and issued a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Truist Financial restated a “buy” rating and set a $25.00 target price on shares of Brixmor Property Group in a research report on Monday, March 25th. The Goldman Sachs Group cut their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.38.

Insiders Place Their Bets

In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the transaction, the director now owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares of the company’s stock, valued at $925,487.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the completion of the sale, the insider now directly owns 225,051 shares of the company’s stock, valued at $5,176,173. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Up 0.0 %

Shares of NYSE:BRX opened at $21.77 on Friday. The business’s 50 day simple moving average is $22.41 and its two-hundred day simple moving average is $22.17. The firm has a market cap of $6.56 billion, a P/E ratio of 21.55, a PEG ratio of 2.63 and a beta of 1.53. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.27). The firm had revenue of $316.49 million during the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.08 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were issued a $0.273 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.09 annualized dividend and a yield of 5.02%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is presently 107.92%.

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.