tru Independence LLC Purchases 5,960 Shares of Brixmor Property Group Inc. (NYSE:BRX)

tru Independence LLC lifted its position in Brixmor Property Group Inc. (NYSE:BRX) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,720 shares of the real estate investment trust’s stock after buying an additional 5,960 shares during the period. tru Independence LLC’s holdings in Brixmor Property Group were worth $3,018,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,007 shares in the last quarter. Quarry LP bought a new stake in Brixmor Property Group during the 4th quarter worth approximately $40,000. Larson Financial Group LLC bought a new stake in Brixmor Property Group during the 1st quarter worth approximately $47,000. Abich Financial Wealth Management LLC raised its holdings in Brixmor Property Group by 50.7% during 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 buying an additional 775 shares during the period. Finally, Fifth Third Bancorp lifted its stake in Brixmor Property Group by 19.1% in the second 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 in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $27.18 on Friday. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $27.70. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 4.79 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50. The company’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $23.31.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $317.75 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.13 EPS 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 issued a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.01%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.20%.

Insider Activity

In related news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 transaction of $127,250.00. Following the sale, the director now directly owns 46,291 shares of the company’s stock, valued at $1,178,105.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the insider now owns 360,004 shares in the company, valued at $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BRX. Truist Financial lifted their price target on Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Stifel Nicolaus raised their price target on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday, July 30th. Compass Point raised their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.13.

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.