Raymond James & Associates Has $1.03 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Raymond James & Associates reduced its stake in Brixmor Property Group Inc. (NYSE:BRX) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,159 shares of the real estate investment trust’s stock after selling 2,571 shares during the period. Raymond James & Associates’ holdings in Brixmor Property Group were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRX. Wellington Management Group LLP boosted its position in Brixmor Property Group by 99.4% in the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock valued at $519,296,000 after buying an additional 10,028,534 shares in the last quarter. Norges Bank acquired a new stake in shares of Brixmor Property Group during the 4th quarter valued at $67,125,000. Deutsche Bank AG increased its holdings in Brixmor Property Group by 1,073.3% in the 3rd quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock worth $62,754,000 after purchasing an additional 2,762,529 shares in the last quarter. State Street Corp increased its holdings in Brixmor Property Group by 13.6% in the 1st quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock worth $430,669,000 after purchasing an additional 2,001,159 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Brixmor Property Group in the first quarter valued at about $29,115,000. 98.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Brixmor Property Group

In other news, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total transaction of $239,039.50. Following the transaction, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction 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. Company insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Mizuho reaffirmed a “neutral” rating and set a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They set a “buy” rating and a $27.00 target price for the company. Finally, Truist Financial reaffirmed a “buy” rating and set a $25.00 target price on shares of Brixmor Property Group in a report on Monday, March 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.38.

Brixmor Property Group Price Performance

Shares of BRX opened at $21.47 on Monday. The business’s fifty day moving average is $22.46 and its 200 day moving average is $22.14. Brixmor Property Group Inc. has a 12-month low of $19.40 and a 12-month high of $24.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.73. The stock has a market cap of $6.47 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.59 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.27). The business had revenue of $316.49 million for the quarter, compared to analyst estimates of $311.77 million. Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The business’s quarterly 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. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.08 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were given a $0.273 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, April 1st. This represents a $1.09 annualized dividend and a yield of 5.09%. Brixmor Property Group’s dividend payout ratio (DPR) 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.