Bamco Inc. NY Makes New $7.11 Million Investment in Brixmor Property Group Inc. (NYSE:BRX)

Bamco Inc. NY bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 255,165 shares of the real estate investment trust's stock, valued at approximately $7,109,000. Bamco Inc. NY owned about 0.08% of Brixmor Property Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRX. Price T Rowe Associates Inc. MD raised its stake in Brixmor Property Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust's stock valued at $6,366,000 after acquiring an additional 14,748 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Brixmor Property Group by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 180,989 shares of the real estate investment trust's stock valued at $4,145,000 after purchasing an additional 4,314 shares during the period. GAMMA Investing LLC raised its stake in shares of Brixmor Property Group by 45.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust's stock worth $67,000 after buying an additional 903 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of Brixmor Property Group by 9.6% in the second quarter. OLD National Bancorp IN now owns 12,653 shares of the real estate investment trust's stock valued at $292,000 after buying an additional 1,109 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Brixmor Property Group by 52.3% in the 2nd quarter. SG Americas Securities LLC now owns 208,139 shares of the real estate investment trust's stock worth $4,806,000 after purchasing an additional 71,461 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction 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 directly owns 315,004 shares of the company's stock, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.76% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.23 during mid-day trading on Tuesday, hitting $29.54. 421,712 shares of the company traded hands, compared to its average volume of 2,253,508. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 4.10 and a beta of 1.58. The business has a 50-day moving average of $28.27 and a 200 day moving average of $25.84. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67.

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). The firm had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm 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 $0.287 dividend. The ex-dividend date is Friday, January 3rd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a yield of 3.89%. Brixmor Property Group's dividend payout ratio (DPR) is presently 100.93%.

Analysts Set New Price Targets

BRX has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a report on Friday, November 15th. Scotiabank increased their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Evercore ISI raised their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Mizuho increased their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Finally, KeyCorp raised their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average price target of $29.38.

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.