Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,052 shares of the real estate investment trust’s stock after acquiring an additional 631 shares during the quarter. GAMMA Investing LLC’s holdings in Brixmor Property Group were worth $141,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BRX. Quarry LP increased its stake in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. Creative Planning grew its holdings in shares of Brixmor Property Group by 2.8% during the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 396 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Brixmor Property Group by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock valued at $4,961,000 after acquiring an additional 643 shares during the period. Truist Financial Corp raised its stake in Brixmor Property Group by 0.8% in the 2nd quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock worth $1,948,000 after acquiring an additional 659 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in 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 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 firm’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 transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brixmor Property Group Stock Down 0.1 %

BRX opened at $26.33 on Friday. The company has a fifty day moving average of $28.58 and a two-hundred day moving average of $26.93. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.96 and a beta of 1.59. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.21). The business had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Brixmor Property Group’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, research analysts expect 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 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 4.36%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 106.48%.

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.