OLD National Bancorp IN raised its position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,653 shares of the real estate investment trust’s stock after buying an additional 1,109 shares during the quarter. OLD National Bancorp IN’s holdings in Brixmor Property Group were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Brixmor Property Group in the fourth quarter valued at approximately $40,000. GAMMA Investing LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter worth approximately $45,000. Larson Financial Group LLC purchased a new stake in shares of Brixmor Property Group during the first quarter worth approximately $47,000. Abich Financial Wealth Management LLC raised its stake in shares of Brixmor Property Group by 50.7% during the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 775 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Brixmor Property Group during the first quarter worth approximately $165,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.
Brixmor Property Group Stock Up 1.0 %
Brixmor Property Group stock opened at $25.46 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.45 and a current ratio of 1.50. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group Inc. has a fifty-two week low of $19.46 and a fifty-two week high of $26.41. The stock’s fifty day moving average is $23.49 and its two-hundred day moving average is $22.75.
Brixmor Property Group (NYSE:BRX – Get Free Report) 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 firm had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. Analysts predict that Brixmor Property Group Inc. will post 2.12 EPS for the current fiscal year.
Brixmor Property Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s payout ratio is currently 117.20%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price target on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 28th. StockNews.com cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set a $33.00 price target (up previously from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Brixmor Property Group from $24.00 to $25.50 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Finally, Mizuho dropped their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $26.86.
Read Our Latest Analysis on Brixmor Property Group
Insider Activity at Brixmor Property Group
In related news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction 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 owns 360,004 shares of the company’s stock, valued at $8,640,096. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.76% of the company’s stock.
Brixmor Property Group Profile
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.
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