Natixis Advisors LLC Grows Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Natixis Advisors LLC increased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 33.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,477 shares of the real estate investment trust’s stock after purchasing an additional 36,823 shares during the period. Natixis Advisors LLC’s holdings in Brixmor Property Group were worth $4,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. O Shaughnessy Asset Management LLC boosted its holdings in Brixmor Property Group by 6.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 42,205 shares of the real estate investment trust’s stock worth $990,000 after buying an additional 2,437 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Brixmor Property Group by 1.7% during the 1st quarter. Lazard Asset Management LLC now owns 245,697 shares of the real estate investment trust’s stock worth $5,761,000 after acquiring an additional 3,990 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Brixmor Property Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust’s stock valued at $6,366,000 after acquiring an additional 14,748 shares during the period. Caxton Associates LP purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at about $322,000. Finally, Burney Co. raised its holdings in Brixmor Property Group by 8.0% in the 1st quarter. Burney Co. now owns 70,131 shares of the real estate investment trust’s stock worth $1,645,000 after purchasing an additional 5,222 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on BRX. Piper Sandler restated an “overweight” rating and issued a $33.00 price objective (up from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Evercore ISI boosted their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Scotiabank lifted their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

Brixmor Property Group Stock Performance

NYSE BRX opened at $29.83 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $29.99. The firm has a market capitalization of $9.01 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 4.05 and a beta of 1.57. The stock’s fifty day moving average is $28.01 and its two-hundred day moving average is $25.46. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is presently 100.93%.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.76% of the stock is currently owned by 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.