8,852 Shares in Brixmor Property Group Inc. (NYSE:BRX) Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc bought a new position in Brixmor Property Group Inc. (NYSE:BRX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,852 shares of the real estate investment trust’s stock, valued at approximately $247,000.

Several other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 723 shares during the period. Blue Trust Inc. increased its position in shares of Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new stake in Brixmor Property Group during the third quarter valued at approximately $46,000. Abich Financial Wealth Management LLC lifted its stake in Brixmor Property Group by 50.7% during the first 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 during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 431 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction on 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. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.76% of the stock is currently owned by company insiders.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $29.83 on Friday. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $29.99. 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 firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 4.05 and a beta of 1.57. The business has a fifty day simple moving average of $27.97 and a 200 day simple moving average of $25.40.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share 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 firm had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. During the same period in the prior year, the company posted $0.50 earnings per share. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.14 EPS for the current 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 paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is 106.48%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Scotiabank increased their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Mizuho boosted their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, August 19th. KeyCorp boosted 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, Stifel Nicolaus upped their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.