Burney Co. Cuts Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Burney Co. decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,874 shares of the real estate investment trust’s stock after selling 1,567 shares during the period. Burney Co.’s holdings in Brixmor Property Group were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its holdings in 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 valued at $26,000 after purchasing an additional 723 shares in the last quarter. Quarry LP increased its stake in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth about $46,000. Blue Trust Inc. lifted its stake in Brixmor Property Group by 103.7% in the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 1,448 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Brixmor Property Group by 53.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 1,533 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Mizuho increased their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. KeyCorp raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Truist Financial increased 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 report on Friday, November 15th. Finally, BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.19.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $26.21 on Thursday. 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 price of $28.43 and a 200 day moving average price of $27.06. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. The stock has a market cap of $7.92 billion, a P/E ratio of 24.27, a PEG ratio of 3.96 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results 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 analyst estimates of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $0.287 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.38%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is currently 106.48%.

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.