Assetmark Inc. Purchases 1,456 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Assetmark Inc. raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,312 shares of the real estate investment trust’s stock after acquiring an additional 1,456 shares during the quarter. Assetmark Inc.’s holdings in Brixmor Property Group were worth $789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. grew its stake in shares of 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 buying an additional 723 shares during the period. Blue Trust Inc. lifted its position 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 buying an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $46,000. Abich Financial Wealth Management LLC raised its holdings in shares of Brixmor Property Group by 50.7% in 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 purchasing an additional 775 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 431 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRX. Evercore ISI boosted their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a report on Monday, September 16th. KeyCorp boosted their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday. StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Scotiabank upped their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 26th. Finally, Mizuho upped their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $28.83 on Friday. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $29.19. The stock has a market capitalization of $8.71 billion, a P/E ratio of 26.69, a PEG ratio of 3.93 and a beta of 1.57. The firm has a fifty day simple moving average of $27.80 and a two-hundred day simple moving average of $25.20. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $0.287 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.98%. Brixmor Property Group’s dividend payout ratio is presently 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.