11,339 Shares in Brixmor Property Group Inc. (NYSE:BRX) Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC purchased a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,339 shares of the real estate investment trust's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRX. Glenmede Trust Co. NA increased its stake in shares of Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust's stock worth $1,050,000 after acquiring an additional 26,000 shares during the period. Vestcor Inc acquired a new stake in Brixmor Property Group during the 3rd quarter worth about $776,000. Charles Schwab Investment Management Inc. raised its stake in shares of Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock valued at $138,185,000 after buying an additional 159,388 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Brixmor Property Group by 95.0% in the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust's stock valued at $720,000 after buying an additional 12,593 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust's stock worth $4,108,000 after buying an additional 36,823 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded down $0.21 during trading hours on Wednesday, reaching $27.34. 2,061,375 shares of the company's stock were exchanged, compared to its average volume of 2,622,642. The business has a fifty day moving average of $27.08 and a two-hundred day moving average of $27.50. The company has a market capitalization of $8.36 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.68 and a beta of 1.58. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio (DPR) is currently 103.60%.

Analyst Ratings Changes

BRX has been the subject of a number of analyst reports. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $30.00 to $33.00 in a report on Friday, December 6th. Truist Financial increased their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company decreased their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Stifel Nicolaus cut their price target on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Finally, KeyCorp raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.87.

Brixmor Property Group Profile

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.