Russell Investments Group Ltd. Buys 672,900 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Russell Investments Group Ltd. grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 48.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,051,379 shares of the real estate investment trust’s stock after purchasing an additional 672,900 shares during the period. Russell Investments Group Ltd.’s holdings in Brixmor Property Group were worth $47,836,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG increased its stake in Brixmor Property Group by 1,073.3% during the third quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock valued at $62,754,000 after acquiring an additional 2,762,529 shares during the period. Invesco Ltd. raised its stake in shares of Brixmor Property Group by 22.8% in the third quarter. Invesco Ltd. now owns 6,929,942 shares of the real estate investment trust’s stock valued at $144,004,000 after purchasing an additional 1,288,656 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Brixmor Property Group by 9.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,918,610 shares of the real estate investment trust’s stock worth $268,449,000 after purchasing an additional 1,130,130 shares during the period. Wellington Management Group LLP boosted its stake in Brixmor Property Group by 9.7% during the third quarter. Wellington Management Group LLP now owns 10,521,686 shares of the real estate investment trust’s stock worth $218,641,000 after buying an additional 929,966 shares in the last quarter. Finally, Strs Ohio increased its holdings in Brixmor Property Group by 126.8% in the 3rd quarter. Strs Ohio now owns 1,332,975 shares of the real estate investment trust’s stock valued at $27,699,000 after buying an additional 745,288 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brixmor Property Group Trading Up 2.0 %

Shares of BRX opened at $22.15 on Tuesday. The stock’s fifty day simple moving average is $22.35 and its 200-day simple moving average is $22.19. 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 firm has a market capitalization of $6.67 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.53. Brixmor Property Group Inc. has a 12-month low of $19.40 and a 12-month high of $24.47.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The business had revenue of $316.49 million for the quarter, compared to the consensus estimate of $311.77 million. During the same period last year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.09 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.273 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a dividend yield of 4.93%. The ex-dividend date was Monday, April 1st. Brixmor Property Group’s payout ratio is presently 107.92%.

Insider Activity

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