Amalgamated Bank Has $4 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Amalgamated Bank decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 17.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,520 shares of the real estate investment trust's stock after selling 30,531 shares during the quarter. Amalgamated Bank's holdings in Brixmor Property Group were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new position in shares of Brixmor Property Group during the third quarter valued at $46,000. Abich Financial Wealth Management LLC grew its holdings 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 valued at $54,000 after buying an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BRX. Piper Sandler reissued an "overweight" rating and set a $33.00 price objective (up previously from $30.00) on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Mizuho lifted their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. Wells Fargo & Company lifted their price objective on Brixmor Property Group from $24.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Compass Point lifted their price objective on Brixmor Property Group from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Finally, 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 report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $28.54.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded up $0.34 during trading on Friday, reaching $28.74. The company's stock had a trading volume of 1,673,385 shares, compared to its average volume of 2,119,566. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The business's fifty day moving average price is $27.65 and its 200-day moving average price is $24.96. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 3.86 and a beta of 1.57. Brixmor Property Group Inc. has a one year low of $20.69 and a one year high of $28.90.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly 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). 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 the consensus estimate of $320.22 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts predict 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. Investors of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 3.99%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. Brixmor Property Group's payout ratio is currently 100.93%.

Insider Activity at Brixmor Property Group

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.76% of the company's stock.

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.