Charles Schwab Investment Management Inc. Has $138.19 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Charles Schwab Investment Management Inc. increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.3% during the third quarter, Holdings Channel reports. The fund owned 4,959,993 shares of the real estate investment trust’s stock after acquiring an additional 159,388 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Brixmor Property Group were worth $138,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC increased its holdings in shares of Brixmor Property Group by 1.7% in the first quarter. Lazard Asset Management LLC now owns 245,697 shares of the real estate investment trust’s stock valued at $5,761,000 after purchasing an additional 3,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Brixmor Property Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust’s stock worth $6,366,000 after buying an additional 14,748 shares during the period. Caxton Associates LP acquired a new position in Brixmor Property Group in the 1st quarter valued at about $322,000. Burney Co. raised its holdings in Brixmor Property Group by 8.0% in the 1st quarter. Burney Co. now owns 70,131 shares of the real estate investment trust’s stock valued at $1,645,000 after acquiring an additional 5,222 shares during the period. Finally, Boston Partners raised its holdings in Brixmor Property Group by 1,140.5% in the 1st quarter. Boston Partners now owns 545,367 shares of the real estate investment trust’s stock valued at $12,774,000 after acquiring an additional 501,403 shares during the period. Institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their target price on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler reissued an “overweight” rating and set a $33.00 target price (up previously from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Mizuho raised their price target 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. Finally, Compass Point boosted their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $29.13.

Insiders Place Their Bets

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 of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $29.83 on Monday. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $29.99. The company has a market cap 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. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a 50 day moving average of $28.01 and a 200-day moving average of $25.50.

Brixmor Property Group (NYSE:BRX) last issued its 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 return on equity of 11.48% and a net margin of 25.81%. The business had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

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