Pensionfund DSM Netherlands Buys 30,000 Shares of Brixmor Property Group Inc. (NYSE:BRX)


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Pensionfund DSM Netherlands increased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 29.7% during the first quarter, HoldingsChannel reports. The firm owned 131,000 shares of the real estate investment trust’s stock after acquiring an additional 30,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Brixmor Property Group were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of BRX. Guggenheim Capital LLC raised its holdings in shares of Brixmor Property Group by 7.0% in the 3rd quarter. Guggenheim Capital LLC now owns 48,294 shares of the real estate investment trust’s stock worth $565,000 after purchasing an additional 3,169 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Brixmor Property Group by 13.5% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,582,621 shares of the real estate investment trust’s stock valued at $18,501,000 after acquiring an additional 188,628 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Brixmor Property Group by 20.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,606,697 shares of the real estate investment trust’s stock valued at $42,163,000 after acquiring an additional 606,536 shares during the period. Profund Advisors LLC raised its holdings in Brixmor Property Group by 27.1% during the 3rd quarter. Profund Advisors LLC now owns 21,738 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 4,630 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Brixmor Property Group by 15.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 536,765 shares of the real estate investment trust’s stock valued at $6,275,000 after acquiring an additional 70,033 shares during the period. 98.38% of the stock is currently owned by institutional investors.

Shares of NYSE:BRX opened at $20.62 on Thursday. Brixmor Property Group Inc. has a 52-week low of $8.30 and a 52-week high of $21.33. The firm has a fifty day moving average of $20.20 and a 200 day moving average of $16.27. The firm has a market capitalization of $6.12 billion, a PE ratio of 38.91 and a beta of 1.63. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.97 and a current ratio of 1.97.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Wednesday, February 10th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.25). Brixmor Property Group had a return on equity of 6.07% and a net margin of 14.75%. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 1.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Monday, April 5th will be given a $0.215 dividend. The ex-dividend date of this dividend is Thursday, April 1st. This represents a $0.86 annualized dividend and a yield of 4.17%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 45.03%.

BRX has been the topic of a number of analyst reports. Bank of America raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $17.00 to $18.50 in a report on Tuesday, January 19th. Truist Financial boosted their target price on shares of Brixmor Property Group from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, December 31st. Mizuho boosted their target price on shares of Brixmor Property Group from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 23rd. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 18th. Finally, Truist boosted their price target on shares of Brixmor Property Group from $17.00 to $20.00 in a research report on Friday, March 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Brixmor Property Group presently has an average rating of “Hold” and a consensus target price of $15.63.

In related news, CFO Angela M. Aman sold 3,500 shares of the company’s stock in a transaction on Thursday, January 28th. The shares were sold at an average price of $18.00, for a total value of $63,000.00. Following the completion of the transaction, the chief financial officer now directly owns 96,896 shares in the company, valued at $1,744,128. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by 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 395 retail centers comprise approximately 69 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.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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