tru Independence LLC Has $3.02 Million Position in Brixmor Property Group Inc. (NYSE:BRX)

tru Independence LLC raised its stake in Brixmor Property Group Inc. (NYSE:BRX) by 4.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 130,720 shares of the real estate investment trust’s stock after acquiring an additional 5,960 shares during the period. tru Independence LLC’s holdings in Brixmor Property Group were worth $3,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BRX. Los Angeles Capital Management LLC bought a new stake in Brixmor Property Group in the second quarter valued at approximately $1,093,000. Arizona State Retirement System boosted its stake in shares of Brixmor Property Group by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 84,348 shares of the real estate investment trust’s stock valued at $1,948,000 after purchasing an additional 1,737 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Brixmor Property Group by 57.6% during the second quarter. Victory Capital Management Inc. now owns 298,704 shares of the real estate investment trust’s stock worth $6,897,000 after buying an additional 109,149 shares during the period. Wolverine Asset Management LLC bought a new position in Brixmor Property Group during the second quarter worth $494,000. Finally, RWC Asset Management LLP lifted its holdings in Brixmor Property Group by 0.5% in the second quarter. RWC Asset Management LLP now owns 831,076 shares of the real estate investment trust’s stock valued at $19,190,000 after buying an additional 4,284 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price target on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Piper Sandler reaffirmed an “overweight” rating and set a $33.00 price objective (up previously from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Scotiabank boosted their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.13.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the insider now owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the transaction, the director now directly owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Brixmor Property Group Stock Down 0.4 %

Shares of NYSE BRX opened at $27.18 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50. The company has a 50-day moving average price of $25.18 and a 200-day moving average price of $23.31. The stock has a market capitalization of $8.19 billion, a P/E ratio of 29.23, a P/E/G ratio of 4.79 and a beta of 1.57. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $27.70.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The company had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. Brixmor Property Group’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.2725 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 4.01%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.20%.

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.