Janus Henderson Group PLC Buys 7,842 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Janus Henderson Group PLC boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.9% in the third quarter, Holdings Channel.com reports. The firm owned 141,601 shares of the real estate investment trust’s stock after acquiring an additional 7,842 shares during the period. Janus Henderson Group PLC’s holdings in Brixmor Property Group were worth $3,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. grew its stake 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 in the last quarter. Maryland Capital Advisors Inc. acquired a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $46,000. Fifth Third Bancorp lifted its position in shares of Brixmor Property Group by 19.1% in the second 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 in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Brixmor Property Group by 53.1% during the third quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 1,533 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BRX. Scotiabank boosted their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Compass Point raised their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Stifel Nicolaus upped their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Truist Financial raised their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Evercore ISI upped their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.96.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $29.19 on Wednesday. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 4.05 and a beta of 1.58. The company has a 50-day simple moving average of $28.50 and a 200 day simple moving average of $26.15. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last issued 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 return on equity of 11.48% and a net margin of 25.81%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, sell-side analysts predict 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. Shareholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. 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 yield of 3.93%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 100.93%.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.76% of the stock is currently owned by company 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.