Northstar Advisory Group LLC Trims Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Northstar Advisory Group LLC lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 67,548 shares of the real estate investment trust’s stock after selling 2,452 shares during the period. Northstar Advisory Group LLC’s holdings in Brixmor Property Group were worth $1,881,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the period. Creative Planning boosted its position in Brixmor Property Group by 2.8% in the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 396 shares during the period. GAMMA Investing LLC grew its stake in shares of Brixmor Property Group by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 631 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Brixmor Property Group by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust’s stock worth $4,961,000 after acquiring an additional 643 shares during the period. Finally, Truist Financial Corp raised its stake in shares of Brixmor Property Group by 0.8% in the second quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock valued at $1,948,000 after acquiring an additional 659 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

NYSE:BRX traded up $0.56 during mid-day trading on Monday, reaching $26.42. 2,358,986 shares of the stock were exchanged, compared to its average volume of 2,263,266. The stock has a market capitalization of $7.98 billion, a P/E ratio of 24.46, a P/E/G ratio of 3.96 and a beta of 1.59. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a 50 day simple moving average of $28.55 and a 200-day simple moving average of $27.02. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The business had revenue of $320.68 million for 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 firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.35%. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, November 20th. The shares were 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 of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BRX has been the subject of several analyst reports. Truist Financial boosted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Mizuho upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Finally, KeyCorp boosted their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.19.

Brixmor Property Group Company 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.