Envestnet Portfolio Solutions Inc. Invests $228,000 in Brixmor Property Group Inc. (NYSE:BRX)

Envestnet Portfolio Solutions Inc. purchased a new position in Brixmor Property Group Inc. (NYSE:BRX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,882 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in Brixmor Property Group during the 4th quarter valued at about $40,000. GAMMA Investing LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter valued at about $45,000. Larson Financial Group LLC purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at approximately $47,000. Abich Financial Wealth Management LLC boosted its stake 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 worth $54,000 after purchasing an additional 775 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in Brixmor Property Group during the 1st quarter worth approximately $165,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on BRX. Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $24.00 to $25.50 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Piper Sandler reiterated an “overweight” rating and set a $33.00 price target (up previously from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their target price on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 28th. Finally, 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. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.50.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $27.12 on Friday. The firm has a market cap of $8.17 billion, a PE ratio of 29.16, a P/E/G ratio of 4.43 and a beta of 1.57. The business has a 50-day moving average price of $24.22 and a 200 day moving average price of $22.99. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $27.16.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Brixmor Property Group Inc. will post 2.12 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.2725 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a dividend yield of 4.02%. Brixmor Property Group’s dividend payout ratio (DPR) is 117.20%.

Insider Buying and Selling

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now owns 360,004 shares of the company’s stock, valued at $8,640,096. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the sale, the director now owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

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.