Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Northstar Advisory Group LLC

Northstar Advisory Group LLC reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 67,548 shares of the real estate investment trust’s stock after selling 2,452 shares during the period. Northstar Advisory Group LLC’s holdings in Brixmor Property Group were worth $1,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BRX. Zurich Insurance Group Ltd FI acquired a new position in Brixmor Property Group during the second quarter worth $49,546,000. Canada Pension Plan Investment Board raised its stake in shares of Brixmor Property Group by 37.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust’s stock worth $169,131,000 after buying an additional 1,995,299 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Brixmor Property Group in the 3rd quarter worth about $46,695,000. Millennium Management LLC grew its stake in Brixmor Property Group by 35.5% in the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust’s stock valued at $132,443,000 after acquiring an additional 1,501,282 shares during the last quarter. Finally, Brookfield Corp ON purchased a new position in Brixmor Property Group during the 3rd quarter valued at about $38,051,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is currently owned by corporate insiders.

Brixmor Property Group Trading Up 2.2 %

NYSE:BRX traded up $0.56 during trading hours on Monday, reaching $26.42. 2,358,986 shares of the company were exchanged, compared to its average volume of 2,263,266. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.96 and a beta of 1.59. The stock has a 50 day simple moving average of $28.55 and a 200 day simple moving average of $27.02. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38.

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

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $0.287 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

Wall Street Analyst Weigh In

BRX has been the topic of several research reports. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Stifel Nicolaus increased their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. 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. KeyCorp upped their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Mizuho lifted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $30.19.

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.