Landscape Capital Management L.L.C. Trims Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Landscape Capital Management L.L.C. trimmed its position in Brixmor Property Group Inc. (NYSE:BRX) by 53.7% during the third quarter, Holdings Channel.com reports. The firm owned 9,124 shares of the real estate investment trust’s stock after selling 10,588 shares during the period. Landscape Capital Management L.L.C.’s holdings in Brixmor Property Group were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,007 shares during the period. Maryland Capital Advisors Inc. purchased a new position in shares of Brixmor Property Group during the 3rd quarter worth about $46,000. Abich Financial Wealth Management LLC lifted its holdings in shares of Brixmor Property Group by 50.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 775 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRX. Compass Point increased their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Piper Sandler reiterated an “overweight” rating and set a $33.00 price objective (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. The Goldman Sachs Group increased their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Mizuho increased their price objective on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, KeyCorp increased their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.38.

Brixmor Property Group Trading Up 0.6 %

Shares of BRX opened at $30.02 on Tuesday. The business’s 50-day moving average price is $28.01 and its 200 day moving average price is $25.50. The stock has a market capitalization of $9.07 billion, a P/E ratio of 27.80, a P/E/G ratio of 4.07 and a beta of 1.57. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.17. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The firm had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.82%. Brixmor Property Group’s payout ratio is currently 100.93%.

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.