Crossmark Global Holdings Inc. Increases Stake in Brixmor Property Group Inc. (NYSE:BRX)

Crossmark Global Holdings Inc. lifted its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 67.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,374 shares of the real estate investment trust's stock after purchasing an additional 14,995 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Brixmor Property Group were worth $1,041,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 693 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Brixmor Property Group by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust's stock valued at $895,000 after purchasing an additional 532 shares during the period. Park Avenue Securities LLC increased its position in Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock worth $720,000 after purchasing an additional 12,593 shares during the last quarter. Oliver Luxxe Assets LLC raised its stake in Brixmor Property Group by 6.2% during the fourth quarter. Oliver Luxxe Assets LLC now owns 99,697 shares of the real estate investment trust's stock worth $2,776,000 after purchasing an additional 5,789 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in Brixmor Property Group in the 4th quarter valued at about $235,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Stifel Nicolaus raised their target price on Brixmor Property Group from $25.50 to $27.50 and gave the stock a "hold" rating in a research note on Tuesday, October 29th. Truist Financial upped their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Scotiabank raised their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the stock a "sector outperform" rating in a research report on Monday, November 25th. Finally, KeyCorp upped 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 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.19.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares of the company's stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Stock Up 0.7 %

BRX traded up $0.20 during trading hours on Friday, hitting $26.46. 2,689,226 shares of the company's stock were exchanged, compared to its average volume of 1,983,110. The firm has a market cap of $7.99 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 3.58 and a beta of 1.59. Brixmor Property Group Inc. has a 12-month low of $20.80 and a 12-month high of $30.67. 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 firm has a 50 day moving average of $28.09 and a 200 day moving average of $27.23.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data 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). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company had revenue of $320.68 million for the quarter, compared to analysts' expectations of $320.22 million. During the same period in the prior year, the company posted $0.50 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. Analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.34%. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date was Friday, January 3rd. Brixmor Property Group's dividend payout ratio is presently 106.48%.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.