Wealth Enhancement Advisory Services LLC Cuts Position in Brixmor Property Group Inc. (NYSE:BRX)

Wealth Enhancement Advisory Services LLC lowered its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 9.1% in the third quarter, Holdings Channel.com reports. The fund owned 8,758 shares of the real estate investment trust’s stock after selling 882 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Brixmor Property Group were worth $244,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares during the period. Blue Trust Inc. lifted its position in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,007 shares during the period. Maryland Capital Advisors Inc. purchased a new stake in shares of Brixmor Property Group during the 3rd quarter worth approximately $46,000. Abich Financial Wealth Management LLC grew its holdings in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 775 shares during the period. Finally, Fifth Third Bancorp increased its stake in Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 431 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Up 0.8 %

Shares of BRX stock opened at $28.98 on Tuesday. Brixmor Property Group Inc. has a 1 year low of $20.69 and a 1 year high of $29.17. 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 business’s fifty day moving average is $27.68 and its 200-day moving average is $25.05. The stock has a market cap of $8.75 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.92 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last posted its quarterly 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). The business had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. Equities analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is 100.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BRX shares. Truist Financial boosted their price objective on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. StockNews.com lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Evercore ISI lifted their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. The Goldman Sachs Group increased their target price on Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.54.

Insider Activity

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total value of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by corporate insiders.

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.