13,086 Shares in Brixmor Property Group Inc. (NYSE:BRX) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, Holdings Channel reports. The firm bought 13,086 shares of the real estate investment trust’s stock, valued at approximately $364,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its holdings in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 441 shares during the period. SG Americas Securities LLC grew its holdings in Brixmor Property Group by 840.9% in the fourth quarter. SG Americas Securities LLC now owns 217,433 shares of the real estate investment trust’s stock valued at $6,053,000 after purchasing an additional 194,325 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Brixmor Property Group by 67.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,374 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 14,995 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 73.5% during the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 693 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Brixmor Property Group by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock worth $895,000 after buying an additional 532 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

BRX opened at $26.46 on Friday. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The company’s 50 day simple moving average is $28.09 and its 200 day simple moving average is $27.20. The stock has a market capitalization of $7.99 billion, a PE ratio of 24.50, a P/E/G ratio of 3.58 and a beta of 1.59.

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

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $0.287 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.34%. Brixmor Property Group’s dividend payout ratio (DPR) is 106.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Truist Financial boosted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Evercore ISI dropped their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, Mizuho boosted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.19.

Insiders Place Their Bets

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

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.