Envestnet Asset Management Inc. Purchases 25,684 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Envestnet Asset Management Inc. lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,351 shares of the real estate investment trust’s stock after buying an additional 25,684 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Brixmor Property Group worth $6,543,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in shares of Brixmor Property Group by 3.3% in the second quarter. Federated Hermes Inc. now owns 32,955 shares of the real estate investment trust’s stock worth $761,000 after purchasing an additional 1,058 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Brixmor Property Group by 403.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 490,499 shares of the real estate investment trust’s stock valued at $11,326,000 after purchasing an additional 392,978 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Brixmor Property Group by 17.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 309,381 shares of the real estate investment trust’s stock worth $7,144,000 after acquiring an additional 46,303 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Brixmor Property Group by 18.3% during the second quarter. United Services Automobile Association now owns 25,318 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 3,925 shares during the last quarter. Finally, Quest Partners LLC lifted its position in Brixmor Property Group by 129.4% during the second quarter. Quest Partners LLC now owns 177,434 shares of the real estate investment trust’s stock valued at $4,097,000 after purchasing an additional 100,080 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BRX. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Scotiabank lifted their target price on Brixmor Property Group from $25.00 to $29.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. StockNews.com downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Mizuho increased their target price on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, The Goldman Sachs Group boosted their price target on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.38.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.40 on Monday. The stock has a market cap of $8.26 billion, a P/E ratio of 29.46, a P/E/G ratio of 4.56 and a beta of 1.57. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $28.45. The stock has a 50 day moving average of $26.49 and a two-hundred day moving average of $23.84. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The company had revenue of $315.69 million for the quarter, compared to analyst estimates of $317.75 million. During the same period in the previous year, the business posted $0.52 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.13 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given 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 yield of 3.98%. Brixmor Property Group’s payout ratio is currently 117.20%.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the completion of the sale, the director now directly owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group 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 sale, the insider now owns 360,004 shares of the company’s stock, valued at $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

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.