Brixmor Property Group Inc. (NYSE:BRX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 33.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 147,477 shares of the real estate investment trust’s stock after purchasing an additional 36,823 shares during the period. Natixis Advisors LLC’s holdings in Brixmor Property Group were worth $4,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position 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 during the period. Blue Trust Inc. lifted its stake in 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. purchased a new position in Brixmor Property Group during the 3rd quarter valued at about $46,000. Abich Financial Wealth Management LLC grew its position in 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 valued at $54,000 after acquiring an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Brixmor Property Group by 19.1% during 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 during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $29.83 on Friday. The stock’s 50-day simple moving average is $28.01 and its 200-day simple moving average is $25.46. 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 firm has a market capitalization of $9.01 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 4.05 and a beta of 1.57. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.99.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (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 company had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. During the same quarter in the previous year, the company posted $0.50 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.85%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is 100.93%.

Insider Activity

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

Wall Street Analysts Forecast Growth

BRX has been the subject of several recent research reports. StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group upped 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. Piper Sandler reiterated an “overweight” rating and issued a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Finally, Truist Financial upped 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

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.