SG Americas Securities LLC Purchases 194,325 Shares of Brixmor Property Group Inc. (NYSE:BRX)

SG Americas Securities LLC boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 840.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 217,433 shares of the real estate investment trust’s stock after buying an additional 194,325 shares during the quarter. SG Americas Securities LLC’s holdings in Brixmor Property Group were worth $6,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BRX. UMB Bank n.a. increased 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 worth $26,000 after acquiring an additional 723 shares in the last quarter. Quarry LP grew its holdings in Brixmor Property Group by 36.3% in 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 during the period. Maryland Capital Advisors Inc. purchased a new stake in Brixmor Property Group in the third quarter worth about $46,000. Blue Trust Inc. increased its stake in shares of Brixmor Property Group by 103.7% during the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,448 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 valued at $123,000 after purchasing an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company’s 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 in the company, valued at $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 available through this hyperlink. 0.76% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI cut their price target on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Stifel Nicolaus raised their price target on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. KeyCorp increased their price objective 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, November 12th. Finally, Mizuho lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.19.

Brixmor Property Group Trading Up 0.7 %

Shares of NYSE:BRX opened at $26.46 on Friday. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-week high of $30.67. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 3.58 and a beta of 1.59. 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 stock’s 50-day simple moving average is $28.09 and its two-hundred day simple moving average is $27.20.

Brixmor Property Group (NYSE:BRX) last announced 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 business had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. During the same quarter last year, the firm posted $0.50 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts expect that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.34%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is 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.