Bamco Inc. NY Invests $7.11 Million in Brixmor Property Group Inc. (NYSE:BRX)

Bamco Inc. NY purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 255,165 shares of the real estate investment trust’s stock, valued at approximately $7,109,000.

Several other hedge funds also recently modified their holdings of the company. Creative Planning raised its position in Brixmor Property Group by 2.8% in the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 396 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of 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 during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Brixmor Property Group by 5.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 481 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Brixmor Property Group by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock worth $4,961,000 after buying an additional 643 shares during the period. Finally, Truist Financial Corp grew its holdings in Brixmor Property Group by 0.8% during 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. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BRX shares. Evercore ISI lifted their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company upped their price target on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Truist Financial lifted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.38.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $29.77 on Tuesday. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.57. Brixmor Property Group Inc. has a 52-week low of $20.80 and a 52-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. The stock’s 50 day moving average price is $28.27 and its two-hundred day moving average price is $25.84.

Brixmor Property Group (NYSE:BRX) last issued 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 return on equity of 11.48% and a net margin of 25.81%. The company 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 earned $0.50 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share 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. Investors of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is 100.93%.

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.