Dimensional Fund Advisors LP Boosts Stake in Brixmor Property Group Inc. (NYSE:BRX)

Dimensional Fund Advisors LP raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 9.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,804,746 shares of the real estate investment trust’s stock after purchasing an additional 396,242 shares during the period. Dimensional Fund Advisors LP’s holdings in Brixmor Property Group were worth $110,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Brixmor Property Group during the fourth quarter worth about $73,143,000. Assetmark Inc. raised its stake in Brixmor Property Group by 4.0% during the fourth 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 period. Nomura Asset Management Co. Ltd. raised its stake in Brixmor Property Group by 0.3% during the fourth 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 period. Hsbc Holdings PLC raised its stake in Brixmor Property Group by 20.4% during the fourth 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 period. Finally, GSI Capital Advisors LLC acquired a new stake in Brixmor Property Group during the fourth quarter worth about $3,408,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Up 0.6 %

BRX opened at $27.90 on Tuesday. The business has a 50 day moving average price of $26.24 and a 200 day moving average price of $23.70. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $28.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $8.41 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 4.78 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share 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 analyst estimates 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 last year, the firm posted $0.52 earnings per share. Research analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.91%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 117.20%.

Wall Street Analyst Weigh In

BRX has been the topic of several research reports. Compass Point increased their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Truist Financial raised their target price on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company raised their target price on Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler restated an “overweight” rating and set a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction 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 sale, 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 accessible through this hyperlink. Also, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of 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. Company insiders own 0.76% of the company’s stock.

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.