Pensionfund Sabic Boosts Holdings in Brixmor Property Group Inc. (NYSE:BRX)


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Pensionfund Sabic boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 6.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,211 shares of the real estate investment trust’s stock after acquiring an additional 3,500 shares during the period. Pensionfund Sabic’s holdings in Brixmor Property Group were worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Inspire Advisors LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at approximately $28,000. TD Ameritrade Investment Management LLC purchased a new stake in Brixmor Property Group during the fourth quarter valued at approximately $78,000. Neo Ivy Capital Management raised its holdings in shares of Brixmor Property Group by 471.0% in the third quarter. Neo Ivy Capital Management now owns 7,166 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 5,911 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter worth $193,000. Finally, Van ECK Associates Corp raised its holdings in shares of Brixmor Property Group by 29.6% in the fourth quarter. Van ECK Associates Corp now owns 13,081 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 2,984 shares during the last quarter. 98.38% of the stock is owned by institutional investors.

BRX stock opened at $20.62 on Thursday. The firm has a market cap 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. The firm’s fifty day moving average is $20.20 and its 200 day moving average is $16.27. Brixmor Property Group Inc. has a one year low of $8.30 and a one year high of $21.33.

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 Thomson Reuters’ consensus estimate of $0.33 by ($0.25). Brixmor Property Group had a net margin of 14.75% and a return on equity of 6.07%. Research analysts predict that Brixmor Property Group Inc. will post 1.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders 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 dividend yield of 4.17%. Brixmor Property Group’s dividend payout ratio (DPR) is 45.03%.

A number of research firms have issued reports on BRX. Truist raised their price target on shares of Brixmor Property Group from $17.00 to $20.00 in a report on Friday, March 5th. Bank of America raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $17.00 to $18.50 in a report on Tuesday, January 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price target (up previously from $20.00) on shares of Brixmor Property Group in a report on Monday, March 15th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Thursday, February 18th. Finally, Wells Fargo & Company cut shares of Brixmor Property Group from an “overweight” rating to an “equal weight” rating and set a $17.00 target price for the company. in a report on Thursday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Brixmor Property Group currently has an average rating of “Hold” and an average target price of $15.63.

In other news, CFO Angela M. Aman sold 3,500 shares of Brixmor Property Group stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $18.00, for a total value of $63,000.00. Following the sale, the chief financial officer now owns 96,896 shares in the company, valued at $1,744,128. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.44% 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 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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