Sanctuary Advisors LLC Takes $577,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

Sanctuary Advisors LLC bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,343 shares of the real estate investment trust’s stock, valued at approximately $577,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA raised its position in Brixmor Property Group by 222.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after acquiring an additional 159,388 shares during the last quarter. Vestcor Inc bought a new stake in Brixmor Property Group in the third quarter valued at approximately $776,000. Wolverine Asset Management LLC acquired a new stake in Brixmor Property Group during the 2nd quarter valued at approximately $494,000. Finally, Natixis Advisors LLC increased its position in Brixmor Property Group by 33.3% during the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after purchasing an additional 36,823 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 equities research analysts have recently commented on BRX shares. Truist Financial upped their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Scotiabank raised their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Compass Point boosted their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus raised their price objective on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $30.19.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This trade represents a 7.35 % 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 owned by corporate insiders.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.72 on Thursday. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 3.96 and a beta of 1.58. 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 Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The firm’s 50-day simple moving average is $28.68 and its 200 day simple moving average is $26.58.

Brixmor Property Group (NYSE:BRX) last announced its 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 company had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. As a group, research analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be given a dividend of $0.287 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.48%.

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.