Brixmor Property Group Inc. (NYSE:BRX) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 61.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 206,060 shares of the real estate investment trust's stock after selling 327,807 shares during the period. Easterly Investment Partners LLC owned 0.07% of Brixmor Property Group worth $5,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRX. UMB Bank n.a. boosted its stake 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 purchasing an additional 723 shares in the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 1,007 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new stake in Brixmor Property Group in the third quarter valued at approximately $46,000. Larson Financial Group LLC acquired a new stake in Brixmor Property Group in the first quarter valued at approximately $47,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Brixmor Property Group by 50.7% in 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 acquiring an additional 775 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Performance

BRX traded up $0.35 on Friday, reaching $28.75. The stock had a trading volume of 1,673,385 shares, compared to its average volume of 2,296,492. Brixmor Property Group Inc. has a 12-month low of $20.69 and a 12-month high of $28.90. 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 business's 50-day moving average price is $27.62 and its two-hundred day moving average price is $24.91. The company has a market cap of $8.68 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 4.56 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted 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 business's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.99%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group's payout ratio is 100.93%.

Insider Activity

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now directly owns 46,291 shares of the company's stock, valued at $1,178,105.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRX shares. Evercore ISI raised their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Mizuho raised their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Truist Financial raised their price target on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and an average price target of $28.54.

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.