Mather Group LLC. Invests $165,000 in Brixmor Property Group Inc. (NYSE:BRX)

Mather Group LLC. bought a new position in Brixmor Property Group Inc. (NYSE:BRX) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,084 shares of the real estate investment trust’s stock, valued at approximately $165,000.

Several other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its position in shares of Brixmor Property Group by 1.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust’s stock worth $1,068,000 after acquiring an additional 606 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Brixmor Property Group by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust’s stock valued at $2,732,000 after buying an additional 670 shares in the last quarter. M&T Bank Corp increased its position in Brixmor Property Group by 0.5% during the 4th quarter. M&T Bank Corp now owns 162,941 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 810 shares in the last quarter. Assetmark Inc. increased its position in Brixmor Property Group by 4.0% during the 4th quarter. Assetmark Inc. now owns 24,599 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 942 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in Brixmor Property Group by 0.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 355,478 shares of the real estate investment trust’s stock valued at $8,272,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BRX shares. JPMorgan Chase & Co. reduced their price objective on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Mizuho reduced their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Truist Financial reaffirmed a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a research report on Monday, March 25th. The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, Wells Fargo & Company cut 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 note on Tuesday, May 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.13.

Brixmor Property Group Stock Performance

Shares of BRX opened at $22.50 on Friday. The business’s fifty day simple moving average is $22.05 and its two-hundred day simple moving average is $22.51. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.86. Brixmor Property Group Inc. has a 12 month low of $19.46 and a 12 month high of $24.47. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.70 and a beta of 1.55.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The firm had revenue of $320.24 million during the quarter, compared to analysts’ expectations of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. Research analysts anticipate that Brixmor Property Group Inc. will post 2.1 earnings per share for the current fiscal year.

Brixmor Property Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a dividend of $0.2725 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $1.09 annualized dividend and a yield of 4.84%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.21%.

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.