Brixmor Property Group Inc. (NYSE:BRX) Stake Increased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,395,048 shares of the real estate investment trust’s stock after buying an additional 322,975 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Brixmor Property Group were worth $102,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BRX. GAMMA Investing LLC purchased a new position in Brixmor Property Group in the fourth quarter valued at about $45,000. Fifth Third Bancorp increased its holdings in Brixmor Property Group by 27.9% in the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 535 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Brixmor Property Group in the third quarter valued at approximately $216,000. QRG Capital Management Inc. bought a new stake in Brixmor Property Group in the third quarter worth approximately $228,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth $239,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

BRX stock traded up $0.30 during trading on Tuesday, hitting $22.45. The company had a trading volume of 1,458,872 shares, compared to its average volume of 2,547,401. Brixmor Property Group Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $24.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average price of $22.33 and a two-hundred day moving average price of $22.21. The company has a market cap of $6.76 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.62 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The firm had revenue of $320.24 million for the quarter, compared to the consensus estimate of $314.82 million. During the same period in the prior year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts expect that Brixmor Property Group Inc. will post 2.09 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were given a dividend of $0.273 per share. This is an increase 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 4.86%. Brixmor Property Group’s dividend payout ratio is 107.92%.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of recent research reports. Mizuho reiterated a “neutral” rating and issued a $24.00 price objective (up from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Truist Financial reissued a “buy” rating and set a $25.00 target price on shares of Brixmor Property Group in a research report on Monday, March 25th. Stifel Nicolaus lifted 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. Finally, The Goldman Sachs Group decreased 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.38.

Insider Transactions at Brixmor Property Group

In related news, Director Michael B. Berman sold 10,475 shares of the firm’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 sale, the director now 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. In related news, Director Michael B. Berman sold 10,475 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following 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. 0.76% of the stock is owned by company insiders.

Brixmor Property Group 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.