Mutual of America Capital Management LLC Reduces Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Mutual of America Capital Management LLC lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,508 shares of the real estate investment trust’s stock after selling 6,598 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Brixmor Property Group worth $3,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. Norges Bank purchased a new stake in Brixmor Property Group in the fourth quarter worth approximately $73,143,000. Assetmark Inc. boosted its stake in shares of 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 worth $572,000 after acquiring an additional 942 shares during the last quarter. AXS Investments LLC purchased a new position in shares of Brixmor Property Group during the 4th quarter worth $349,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of 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 worth $8,272,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Brixmor Property Group by 20.4% during the 4th quarter. Hsbc Holdings PLC now owns 524,688 shares of the real estate investment trust’s stock worth $12,290,000 after acquiring an additional 88,836 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BRX shares. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Truist Financial lifted their price target on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho lifted their price target on shares of 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, Compass Point lifted their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.38.

Insiders Place Their Bets

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the insider now directly owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business’s 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 completion of the sale, the director now owns 46,291 shares in the company, valued at $1,178,105.95. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Down 1.0 %

Shares of BRX stock opened at $27.74 on Monday. The stock has a market cap of $8.36 billion, a P/E ratio of 29.83, a PEG ratio of 4.78 and a beta of 1.57. Brixmor Property Group Inc. has a 52 week low of $19.46 and a 52 week high of $28.45. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The company’s fifty day simple moving average is $26.16 and its two-hundred day simple moving average is $23.66.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The company had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.93%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s payout ratio is currently 117.20%.

About Brixmor Property Group

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.