Duff & Phelps Investment Management Co. Buys 322,975 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Duff & Phelps Investment Management Co. raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,395,048 shares of the real estate investment trust’s stock after acquiring an additional 322,975 shares during the period. Duff & Phelps Investment Management Co. owned approximately 1.46% of Brixmor Property Group worth $102,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Brixmor Property Group during the 4th quarter valued at about $45,000. Fifth Third Bancorp lifted its stake in Brixmor Property Group by 27.9% in the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 535 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Brixmor Property Group during the 3rd quarter worth about $216,000. QRG Capital Management Inc. bought a new position in shares of Brixmor Property Group during the third quarter valued at approximately $228,000. Finally, GW Henssler & Associates Ltd. bought a new stake in Brixmor Property Group during the 3rd quarter valued at $239,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 1.4 %

Shares of BRX stock traded up $0.30 on Tuesday, hitting $22.45. 1,458,872 shares of the stock traded hands, compared to its average volume of 2,547,401. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. Brixmor Property Group Inc. has a twelve month low of $19.40 and a twelve month high of $24.47. The firm’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $22.21. The stock has a market capitalization of $6.76 billion, a PE ratio of 21.93, a PEG ratio of 2.62 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.22). The firm had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.09 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.86%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, April 1st. Brixmor Property Group’s payout ratio is 107.92%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BRX. Stifel Nicolaus upped their price objective on Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. The Goldman Sachs Group decreased their price objective on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They set a “buy” rating and a $27.00 price objective for the company. Mizuho reiterated a “neutral” rating and set a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Finally, Truist Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus price target of $25.38.

Insider Transactions at Brixmor Property Group

In related news, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now owns 40,556 shares in the company, valued at approximately $925,487.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael B. Berman sold 10,475 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total transaction of $239,039.50. Following the completion of the transaction, the director now directly owns 40,556 shares in the company, valued at $925,487.92. 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.